Business

Lennar Corporation (LEN): Revisiting Analysts' $73 Price Target


The 2.84% rally might have been tempting for an investor to buy at this point and in fact that would prove a good idea, as sell-side analysts think there is almost 72.25% more gain yet to come for shareholders.


A fresh roundup today notes that LEN stock has lost around -36.7% of its value in the past 12 months, suggesting more investors have expressed concern about about in that time period.


If we turn to the Street in general, the positives still outweigh the negatives as we can see that Lennar Corporation (LEN), have a buy (1.8) analyst consensus rating.


To help you decide whether it’s worth the wait (and the money), Lennar Corporation (NYSE:LEN) is currently trading at 10.06X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 17.65X and comes in below its industry’s 10.22X.


When you look at the daily chart for LEN, you will observe the stock held -21.07% losses in the 6-month period and maintains 13.65% distance from its most recent low.


This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market.






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