Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for LGI Homes Inc (NASDAQ: LGIH) weakened recently. LGIH’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/31/24, LGI Homes Inc (NASDAQ: LGIH) stock rose modestly by 0.5%, closing at $96.00. Moreover, this advance was accompanied by above average trading volume at 133% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.5% during the last week.
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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LGI Homes has a very high Appreciation Score of 88 but a slightly negative Power Rating of 35, triggering the High Neutral Value Trend Rating.
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