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Lennar Corp. (LEN-N)
47 watching
NYSE:LEN
107.12
0.68
(0.63%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
May 31, 2023, 8:00 pm
0
BUY
She sold it, expecting shares to come down, but they never did. Home builders continue to be strong stocks since their October lows.
REAL ESTATE
BUY
They report Wednesday. A great, giant homebuilder that tells it like it is. He expects terrific numbers.
REAL ESTATE
DON'T BUY
Lennar and KB Homes They report Wednesday and he expects soft quarters. Mortgage rates are soaring so fast. However, these shares climbed today in a rough market, perhaps because investors feel that the Fed will hold off on rapid-fire rates after next Wednesday.
REAL ESTATE
PAST TOP PICK
(A Top Pick Aug 18/21, Down 14%) The home builders are in a recession now, but there's lots of potential ahead. It trades at 5x normalized earnings and has a strong balance sheet. He's hanging on. He will make money on this in the future.
REAL ESTATE
DON'T BUY
They release Tuesday. The housing sector has been rolling over due to rising rates, but hasn't seen many stock downgrades. TOL just got downgraded, and now he expects Lennar will too.
REAL ESTATE
TOP PICK
They reported yesterday. Jim Crammer recommended it as a BUY last week. Home demand is at an all-time high and home builders thrive during fears of a new variant. Social media mentions are up 267% since yesterday.
REAL ESTATE
$108.460
Unknown
BUY
They report Wednesday night. He loves Toll Brothers, but also likes Lennar. Home demand is at an all-time high to benefit both stocks. He expects LEN to report strong numbers, but the stock will get dinged, because it's coming right after Powell's comments that day.
REAL ESTATE
BUY
Don't fear a shutdown, but a slowdown due to the new Omicron variant. Homebuilders thrive during fears of a variant, because people will stay at home working. Lennar is the top pick in this space. It's up 40% this year, though down 7% from its peak. Also likes Toll Brothers.
REAL ESTATE
PAST TOP PICK
(A Top Pick Oct 23/20, Up 29%) He saw weakness here due to the Delta variant, which impacted sentiment, but in recent days that sentiment has risen (for Lennar and all homebuilders) according to statistics. LEN has a healthy backlog in the 35-39% growth range. Strong growth lies ahead, a strong balance sheet (26% debt-to-capital) and $2.8 billion in cash. Shares have come off 10-15% in the past month, but are starting to recover. You can dip your toe now.
REAL ESTATE
COMMENT
They report Monday. Excellent managers. He wants them to talk about supply shortages and home demand. Lennar is important to retail, banking and the hybrid work from home economy.
REAL ESTATE
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate our TOP PICK recommendation of LEN as the largest home builder in the US. Continued low interest rates has sparked demand growth in their prime markets of the Sun Belt, Florida and Texas, where housing inventory is already tight. JP Morgan recently put a $141 target price on the stock. It trades at only 10x earnings, compared to peers at over 20x and is valued currently at less than 2x book. It pays a dividend backed by a payout ratio under 10% of cash flow, while paying down debt and building cash reserves. We would buy this with stop at $96 -- looking to achieve $140 -- upside potential over 32%. Yield 0.95% (Analysts’ price target is $117.25)
REAL ESTATE
TOP PICK
Trades at 10x earnings, expanded gross margin by over 400 basis points. Talk of peak housing in the market, but we're not even close. This is a supply issue. Long-term demographics support expanding housing. In the sweet spot. Low interest rates plus desire to move out of cities. Yield is 0.97%. (Analysts’ price target is $117.40)
REAL ESTATE
TOP PICK
Stockchase Research Editor: Michael O'Reilly LEN recently reported revenue growth over 21%, easily beating the consensus outlook. New orders is creating a growing back log for the home builder company. Margins are doubling to over 26%, while SG&A expenses are declining -- all going directly to the bottom line. Cash reserves are over $2.5 billion, even after retiring over $300 million in debt, which resulted in S&P revising their rating to investment grade. The stock is setting up a nice technical foundation, which we think could propel the stock ultimately to $121 -- upside potential over 23%. We would buy this with a stop loss at $70. It also pays a dividend, backed by a payout ratio less than 15% of cash flow. Yield 1.02% (Analysts’ price target is $109.50)
REAL ESTATE
BUY
They report Wednesday. To some, this is the hottest US housing market ever and he predicts more great numbers. Mind you, there's been a spike in costs of raw materials that go into homes. LEN is up 21% YTD.
REAL ESTATE
Lennar Corp.(LEN-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 5
Lennar Corp.(LEN-N) Frequently Asked Questions
What is Lennar Corp. stock symbol?
Lennar Corp. is a American stock, trading under the symbol LEN-N on the New York Stock Exchange (LEN). It is usually referred to as NYSE:LEN or LEN-N
Is Lennar Corp. a buy or a sell?
In the last year, 5 stock analysts published opinions about LEN-N. 3 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lennar Corp..
Is Lennar Corp. a good investment or a top pick?
Lennar Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Lennar Corp..
Why is Lennar Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lennar Corp. worth watching?
5 stock analysts on Stockchase covered Lennar Corp. In the last year. It is a trending stock that is worth watching.
What is Lennar Corp. stock price?
On 2023-05-31, Lennar Corp. (LEN-N) stock closed at a price of $107.12.
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