Lennar Corp (NYSE: LEN) has reported E.P.S. of $3.45 for its second fiscal quarter (ending May 31) versus $3.01 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $14.70 versus $14.67 for the same period a year ago.
Recent Price Action
Lennar Corp (NYSE: LEN) stock rose modestly by 0.9% on 6/17/24. The stock closed at $156.51. Moreover, exceptionally high trading volume at 237% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, LEN is expected to continue to be an important Value Builder.
Lennar has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Lennar has a good Appreciation Score of 76 and a very high Power Rating of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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