Wells Fargo analyst Truman Patterson maintained a Buy rating on Lennar (LEN) on December 6. The company’s shares closed last Monday at $58.75, close to its 52-week high of $62.63.
According to TipRanks.com, Patterson is a 1-star analyst with an average return of -3.4% and a 33.3% success rate. Patterson covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Mohawk Industries, and Toll Brothers.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lennar with a $65.30 average price target, which is an 8.4% upside from current levels. In a report issued on December 6, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $71.00 price target.
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The company has a one-year high of $62.63 and a one-year low of $37.29. Currently, Lennar has an average volume of 3.17M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEN in relation to earlier this year.
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Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segment: Lennar Financial Services, Lennar Multifamily and Rialto.
