Media coverage about Lennar (NYSE:LEN) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lennar earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.1407147953906 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
LEN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Lennar from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. BTIG Research upped their price target on shares of Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday. Credit Suisse Group reiterated a “neutral” rating and issued a $65.00 price target (up previously from $57.00) on shares of Lennar in a research note on Thursday. Finally, UBS Group initiated coverage on shares of Lennar in a research note on Wednesday, October 25th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Lennar presently has an average rating of “Hold” and a consensus price target of $61.33.
Shares of Lennar (NYSE:LEN) opened at $69.29 on Thursday. The stock has a market capitalization of $16,100.00, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.35 and a beta of 1.35. Lennar has a 52-week low of $42.57 and a 52-week high of $69.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59.
Lennar (NYSE:LEN) last released its earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). Lennar had a return on equity of 12.37% and a net margin of 6.65%. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. analysts anticipate that Lennar will post 4.04 EPS for the current year.
In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total value of $1,280,400.00. Following the sale, the chief operating officer now owns 99,000 shares in the company, valued at $6,337,980. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The disclosure for this sale can be found here. Company insiders own 12.18% of the company’s stock.
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Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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