Lennar Corporation (LEN) Trigger Multiple Signals Fast

On the technicals front, Lennar Corporation (NYSE:LEN) overall has 24% Buy rating. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the LEN’s short-term trajectory should know that short terms indicators for the stock averaged 20% Sell with an average daily trading volume over the past 20 days at 3502490 shares. LEN stock has overall a 0.75% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 3921770 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 4430583 shares, is 67% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $47.54. Below this, the next support is placed in the zone of $47.07. Till the time, the LEN stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 52.67 on daily chart, which may remain a cause for concern. If the price breaks below $47.07 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $48.38 mark may result into a pull-back move towards $48.75 level.

Lennar Corporation (LEN) is projected to climb by 18.45 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $70-month high price target. This represents a whopping 45.77 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $56, which represents a return potential of 16.62 percent when compared to the closing price of the stock of $48.02 on Thursday, March 14. The lowest price target for the stock is $49 — slightly more than 2.04 percent from LEN’s current share price.

Here’s a rundown of insider trading activity for sense of Lennar Corporation (NYSE:LEN).

LEN shares dropped -0.05 points or -0.1 percent on Thursday to $48.02 with a light trade volume of 2.711 million shares. After opening the session at $48.06, the shares went as high as $48.27 and as low as $47.43, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.1 billion and now has 315.04 million shares outstanding. Lennar Corporation (LEN) stock has lost -1.21 percent of market value in 21 trading days.

Analysts at Wedbush cut their rating on shares of Lennar Corporation (NYSE:LEN) from Outperform to Neutral in their opinion released on February 21. Analysts at KeyBanc Capital Mkts issued an upgrade from Sector Weight to Overweight for the stock, in a research note that dated back to January 07.

LEN stock has a trailing 3-year beta of 1.32, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $5.42 a share in the trailing twelve months. The stock’s value has surged 22.66 percent year to date (YTD) against a decline of -20.71 percent in 12 month’s time. The company’s shares still trade -26.01 percent away from its 1-year high of $64.90 and 28.77 percent up from 52-week low of $37.29. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Lennar Corporation (LEN) are trading at a P/E ratio of 8.87 times earnings reported for the past 12 months. The industry LEN operates in has an average P/E of 10.43. Its P/E ratio went as low as 7.54X and as high as 18.55 over the 5-year span. Further, it is sporting a 0.74 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.77. 12.8 percent is the gross profit margin for Lennar Corporation and operating margin sits at 11 percent. Along with this, the net profit margin is 8.2 percent.