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Lennar Corporation 17.6% Potential Upside Now Implied by FBR Capital

Lennar Corporation using SYMBOL/TICKER code NYSE:LEN had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at FBR Capital. Lennar Corporation are listed in the Basic Industries sector within NYSE. FBR Capital have set their target price at 60 USD on its stock. This now indicates the analyst believes there is a potential upside of 17.6% from the opening price of 51 USD.

Lennar Corporation NYSE:LEN has a 50 day moving average of 52.51 USD and a 200 day moving average of 49.54 USD. The 1 year high stock price is 56.04 USD while the 52 week low for the stock is 37.5 USD. Over the last 30 and 90 trading days the company share price has increased 0.18 points and increased 1.62 points respectively. There are currently 199,962,989 shares in issue with the average daily volume traded being 2,976,343. Market capitalisation for NYSE:LEN is $9,962,156,051.00 USD.

 

Lennar Corporation NYSE:LEN is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.

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