Bank of America Securities Remains a Sell on Lennar (LEN)
In a report released yesterday, Rafe Jadrosich from Bank of America Securities maintained a Sell rating on Lennar, with a price target of $95.00. The company’s shares closed yesterday at $92.54.
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According to TipRanks, Jadrosich is a 5-star analyst with an average return of 8.5% and a 54.71% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as Somnigroup International, DR Horton, and KB Home.
Lennar has an analyst consensus of Moderate Sell, with a price target consensus of $100.98, a 9.12% upside from current levels. In a report released on March 10, Barclays also maintained a Sell rating on the stock with a $88.00 price target.
Based on Lennar’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $9.37 billion and a net profit of $490.24 million. In comparison, last year the company earned a revenue of $10.02 billion and had a net profit of $1.1 billion
Read More on LEN:
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- Closing Bell Movers: Adobe down 8% despite Q1 beat as CEO steps down
- LEN Earnings: Lennar Stock Falls as Financial Results Miss Wall Street’s Expectations
- Lennar CEO says ‘broader market remains challenged in the near term’
- Lennar reports Q1 adjusted EPS 88c, consensus 95c
- Lennar sees Q2 new orders 21,000-22,000, deliveries 20,000-21,000
