JMP Securities analyst Aaron Hecht initiated coverage with a Buy rating on LGI Homes (LGIH – Research Report) today and set a price target of $160.00. The company’s shares closed yesterday at $125.95.
Hecht covers the Real Estate sector, focusing on stocks such as Alexandria Equities, Omega Healthcare, and AFC Gamma. According to TipRanks, Hecht has an average return of 4.1% and a 53.25% success rate on recommended stocks.
LGI Homes has an analyst consensus of Hold, with a price target consensus of $129.00.
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The company has a one-year high of $141.91 and a one-year low of $84.16. Currently, LGI Homes has an average volume of 229.7K.
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LGI Homes (LGIH) Company Description:
LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It also deals with the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.
Read More on LGIH:
- LGI Homes Opens Two Brand-New Communities in the Houston Market
- LGI Homes, Inc. Reports November 2023 Home Closings
- LGI Homes reports 522 November home closings
- LGI Homes downgraded to Neutral from Buy at Seaport Research
- LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2028
