MIAMI (AP) _ Lennar Corp. The stock has been given a mean “HOLD” rating after the consensus analysis of “10” Analysts.
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A number of equities analysts have weighed in on the stock.
KBW today set a target price of 55 on the company’s stock. The stock price target chart showed average price target of 54.15 as compared to current price of 44.34. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company.
SUPERVALU Inc. (NYSE:SVU) said that, it struggles to shore up its grocery operations, including Twin Cities market leader Cub Foods and its Save-A-Lot discount unit, are being hurt by competition and price deflation, executives said Thursday.
Lennar, which builds single-family homes, said it sold 6,779 homes in the three months ended August 31, up 7.3 percent from a year earlier, while its average sales price rose more than 3 percent.
Rexnord Corporation (NYSE:RXN) stock dropped -1.36% or -0.27 points. The company reported $1.01 EPS for the quarter.
Lennar Corporation LEN performed impressively and beat expectations on both counts for the third time in a row in fiscal 2016.
Equity in earnings (loss) from unconsolidated entities was ($18.0) million in the third quarter of 2016, compared to $13.3 million in the third quarter of 2015, primarily attributable to the company’s share of costs associated with the FivePoint combination and the company’s share of net operating losses associated with the new FivePoint unconsolidated entity. The shares have been given a mean “OVERWEIGHT” rating keeping in view the consensus of “17” Analysts. Revenue rose 13.7% from a year ago to $2.83 billion, also topping analyst expectations of $2.69 billion. Finally, analysts shed their light over the RXN price targets; maintaining price high target of 26.00 while at average the price target was 21.75 in contrast with the current price of 19.58. Alliancebernstein L.P. now owns 326,590 shares of the company’s stock valued at $15,056,000 after buying an additional 6,376 shares during the last quarter. Mizuho Asset Management Co. The previous close of the stock price is registered at $44.34. The shares are up by over 3.29% in the last three months, and the RSI indicator value of 47.92 is neither bullish nor bearish, tempting investors to stay on the sidelines.
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Deliveries climbed 7 percent to 6,779 homes, while new orders rose 8 percent to 7,018 homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.
