BTIG analyst Carl Reichardt maintained a Buy rating on Lennar (LEN – Research Report) yesterday and set a price target of $170.00. The company’s shares closed last Friday at $149.04.
According to TipRanks, Reichardt is a 5-star analyst with an average return of 18.9% and a 64.42% success rate. Reichardt covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, PulteGroup, and Lennar.
In addition to BTIG, Lennar also received a Buy from JMP Securities’s Aaron Hecht in a report issued on December 19. However, on December 18, Bank of America Securities reiterated a Hold rating on Lennar (NYSE: LEN).
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The company has a one-year high of $156.01 and a one-year low of $89.52. Currently, Lennar has an average volume of 1.99M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lennar (LEN) Company Description:
Incorporated in 1954, Florida-based Lennar Corp. is a homebuilder company, which provides real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other.
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