Stock Rating Upgrade
The Value Trend Rating for LGI Homes Inc (NASDAQ: LGIH) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
LGI Homes Inc (NASDAQ: LGIH) stock closed at $99.24 on 8/9/24 after a slight decline of -0.1%. However, unusually low trading volume at 57% of normal accompanied the decline. The stock has declined -10.6% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LGIH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LGI Homes has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. LGI Homes has a very high Appreciation Score of 86 but a neutral Power Rating of 44, and the Positive Value Trend Rating results.
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