LGI Homes Gets a Hold Rating from Wedbush


Wedbush analyst Jay McCanless maintained a Hold rating on LGI Homes (NASDAQ: LGIH) today and set a price target of $65. The company’s shares closed yesterday at $59.87.

According to TipRanks.com, McCanless is a 3-star analyst with an average return of 5.2% and a 47.3% success rate. McCanless covers the Consumer Goods sector, focusing on stocks such as Century Communities, Lennar Corp, and KB Home.

The word on The Street in general, suggests a Hold analyst consensus rating for LGI Homes with a $65 average price target.

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The company has a one-year high of $81.88 and a one-year low of $40.49. Currently, LGI Homes has an average volume of 425K.

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LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It also deals with the residential land development business. It operates through the following divisions: Texas, Southwest, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

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