Last Updated: 16 Sep 2024
Executive Summary
Lennar Corporation (LEN) is a leading home construction and real estate company with a strong financial performance and positive analyst outlook. The company has a market capitalization of $50.5 billion, an EBITDA of $5.7 billion, and a trailing P/E ratio of 12.67. Lennar's latest stock price is $185.91, which is above its 50-day and 200-day moving averages.
Company Overview
Lennar Corporation is a home construction and real estate company based in Fontainebleau, Florida. The company operates in 21 states and 60 markets across the United States. Lennar offers a range of home designs and price points, from entry-level homes to luxury properties. The company also provides mortgage financing, title insurance, and home warranty services.
Fundamental Analysis
Lennar Corporation has a strong financial performance. The company's revenue has grown by an average of 15% over the past five years, and its net income has grown by an average of 20% over the same period. Lennar's profit margin is 11.6%, and its return on equity is 16%. The company has a strong balance sheet with $3.5 billion in cash and equivalents and $2.3 billion in debt.
Technical Analysis
Lennar Corporation's stock price has been in an uptrend since March 2023. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign. The stock's relative strength index (RSI) is 65, which indicates that the stock is overbought but not yet in a bubble.
Short Term Outlook
Lennar Corporation's stock price is expected to continue to rise in the short term. The company's strong financial performance and positive analyst outlook are likely to support the stock's upward momentum. The stock's technical indicators are also bullish, which suggests that the stock is likely to continue to rise.
Long Term Outlook
Lennar Corporation's long-term outlook is also positive. The company is expected to continue to benefit from the growing demand for housing in the United States. The company's strong financial position and experienced management team are also likely to support the company's long-term growth.
Analyst Recommendations
Analysts are bullish on Lennar Corporation. The average analyst target price for the stock is $185.53, which is above the current stock price. Three analysts have a strong buy rating on the stock, seven analysts have a buy rating, and ten analysts have a hold rating. Only one analyst has a sell rating on the stock.
