Shares of Lennar (NYSE:LEN) Struck With Upgrade From Credit Suisse. Should Investors Now Buy the Stock?

January 23, 2018 - By Henry Gaston

  Shares of Lennar (NYSE:LEN) Struck With Upgrade From Credit Suisse. Should Investors Now Buy the Stock?

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.28, from 1.2 in 2017Q2. It worsened, as 44 investors sold Lennar Corporation shares while 148 reduced holdings. 45 funds opened positions while 132 raised stakes. 187.83 million shares or 0.17% more from 187.51 million shares in 2017Q2 were reported.

Paragon Capital Mgmt Ltd reported 4,230 shares. Salem Invest Counselors has invested 0.52% in Lennar Corporation (NYSE:LEN). Baldwin Brothers Ma owns 1,429 shares or 0.01% of their US portfolio. 21,516 were reported by Oregon Employees Retirement Fund. Kentucky Retirement Sys reported 12,476 shares. 6,316 are held by Daiwa Group. Hancock Hldgs holds 38,753 shares. First Interstate Comml Bank has 0.06% invested in Lennar Corporation (NYSE:LEN) for 5,296 shares. Citigroup holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 61,219 shares. Employees Retirement Association Of Colorado reported 1.05M shares. Sanders Capital Ltd holds 2.26% or 7.08 million shares in its portfolio. Atalanta Sosnoff Cap Ltd Liability Corp has 0.07% invested in Lennar Corporation (NYSE:LEN) for 35,885 shares. Regentatlantic Cap Ltd Liability has 0.02% invested in Lennar Corporation (NYSE:LEN). State Street has invested 0.04% in Lennar Corporation (NYSE:LEN). First Washington Corporation stated it has 1.55% of its portfolio in Lennar Corporation (NYSE:LEN).

Since October 2, 2017, it had 0 buys, and 8 selling transactions for $15.27 million activity. 125,000 Lennar Corporation (NYSE:LEN) shares with value of $8.69M were sold by SUSTANA MARK. JAFFE JONATHAN M sold $1.28 million worth of stock. GROSS BRUCE E had sold 15,000 shares worth $1.04 million on Friday, January 12. The insider BESSETTE DIANE J sold 10,000 shares worth $695,000.

Lennar (NYSE:LEN) Stock Upgrade

In a report revealed to clients on 22 January, research professionals at the research division of Credit Suisse upped their rating for shares of Lennar (NYSE:LEN) from a “Neutral” to a solid “Outperform”. They now have a $81 TP on LEN or a 12.92 % upside from the current share price.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.28, from 1.2 in 2017Q2. It worsened, as 44 investors sold Lennar Corporation shares while 148 reduced holdings. 45 funds opened positions while 132 raised stakes. 187.83 million shares or 0.17% more from 187.51 million shares in 2017Q2 were reported.

Paragon Capital Mgmt Ltd reported 4,230 shares. Salem Invest Counselors has invested 0.52% in Lennar Corporation (NYSE:LEN). Baldwin Brothers Ma owns 1,429 shares or 0.01% of their US portfolio. 21,516 were reported by Oregon Employees Retirement Fund. Kentucky Retirement Sys reported 12,476 shares. 6,316 are held by Daiwa Group. Hancock Hldgs holds 38,753 shares. First Interstate Comml Bank has 0.06% invested in Lennar Corporation (NYSE:LEN) for 5,296 shares. Citigroup holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 61,219 shares. Employees Retirement Association Of Colorado reported 1.05M shares. Sanders Capital Ltd holds 2.26% or 7.08 million shares in its portfolio. Atalanta Sosnoff Cap Ltd Liability Corp has 0.07% invested in Lennar Corporation (NYSE:LEN) for 35,885 shares. Regentatlantic Cap Ltd Liability has 0.02% invested in Lennar Corporation (NYSE:LEN). State Street has invested 0.04% in Lennar Corporation (NYSE:LEN). First Washington Corporation stated it has 1.55% of its portfolio in Lennar Corporation (NYSE:LEN).

Since October 2, 2017, it had 0 buys, and 8 selling transactions for $15.27 million activity. 125,000 Lennar Corporation (NYSE:LEN) shares with value of $8.69M were sold by SUSTANA MARK. JAFFE JONATHAN M sold $1.28 million worth of stock. GROSS BRUCE E had sold 15,000 shares worth $1.04 million on Friday, January 12. The insider BESSETTE DIANE J sold 10,000 shares worth $695,000.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 24 analysts covering Lennar (NYSE:LEN), 18 have Buy rating, 0 Sell and 6 Hold. Therefore 75% are positive. Lennar has $99.0 highest and $45 lowest target. $63.94’s average target is -10.86% below currents $71.73 stock price. Lennar had 64 analyst reports since September 22, 2015 according to SRatingsIntel. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, June 20. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, July 11. The stock has “Strong Buy” rating by Raymond James on Monday, October 31. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 22 with “Hold”. The rating was upgraded by Buckingham Research to “Buy” on Monday, October 17. The firm has “Outperform” rating given on Wednesday, June 21 by RBC Capital Markets. The firm earned “Positive” rating on Wednesday, March 30 by Susquehanna. KeyBanc Capital Markets maintained the shares of LEN in report on Tuesday, October 31 with “Hold” rating. The rating was reinitiated by JP Morgan with “Neutral” on Monday, March 14.

The stock decreased 0.13% or $0.09 during the last trading session, reaching $71.73. About 3.95 million shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since January 23, 2017 and is uptrending. It has outperformed by 3.21% the S&P500.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $16.76 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 21.22 P/E ratio. The Company’s homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land.

More news for Lennar Corporation (NYSE:LEN) were recently published by: Fool.com, which released: “Lennar Missed Earnings in the Fourth Quarter, Should Investors Worry?” on January 18, 2018. Prnewswire.com‘s article titled: “Lennar Announces Commencement of Exchange Offers and Consent Solicitations for …” and published on January 19, 2018 is yet another important article.

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