Citi Reaffirms Their Hold Rating on Lennar (LEN)
In a report released on June 11, Anthony Pettinari from Citi maintained a Hold rating on Lennar, with a price target of $104.00. The company’s shares closed last Friday at $94.95.
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Pettinari covers the Consumer Cyclical sector, focusing on stocks such as Avery Dennison, Crown Holdings, and Graphic Packaging. According to TipRanks, Pettinari has an average return of 13.8% and a 62.04% success rate on recommended stocks.
Currently, the analyst consensus on Lennar is a Moderate Sell with an average price target of $86.70, which is a -8.69% downside from current levels. In a report released on June 12, Wells Fargo also maintained a Hold rating on the stock with a $85.00 price target.
Based on Lennar’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $6.62 billion and a net profit of $229.38 million. In comparison, last year the company earned a revenue of $7.63 billion and had a net profit of $519.53 million
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