The shares of Lennar Corporation (NYSE:LEN) has been pegged with a rating of Outperform by Raymond James in its latest research note that was published on April 1st, 2019. Raymond James wasn’t the only research firm that published a report of Lennar Corporation, with other equities research analysts also giving their opinion on the stock. Wedbush advised investors in its research note published on February 21st, 2019, to Neutral the LEN stock while also putting a $50 price target. The stock had earned Buy rating from Buckingham Research when it published its report on January 11th, 2019. The stock was given Overweight rating by KeyBanc Capital Mkts in its report released on January 7th, 2019. Wedbush was of a view that LEN is Outperform in its latest report on October 29th, 2018 while giving it a price target of $50. Deutsche Bank thinks that LEN is worth Buy rating. This was contained in the firm’s report on October 22nd, 2018 in which the stock’s price target was also moved to $51.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $57.47. The price of the stock the last time has raised by 36.69% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 57.79.
The shares of the company dipped by -0.64% during the trading session on Friday, reaching a low of $50.86 while ending the day at $50.97. During the trading session, a total of 3.56 million shares were traded which represents a 5.94% incline from the average session volume which is 3.78M shares. LEN had ended its last session trading at 51.30. Lennar Corporation currently has a market cap of $15.81B, while its P/E ratio stands at 9.41, while its P/E earnings growth sits at 0.77, with a beta of 1.33. Lennar Corporation debt-to-equity ratio currently stands at 0.69, while its quick ratio hovers at . LEN 52-week low price stands at $37.29 while its 52-week high price is $58.61.
The company in its last quarterly report recorded $0.74 earnings per share which is below the $0.75 predicted by most analysts. The Lennar Corporation generated $3,868.08 million in revenue during the last quarter, which is slightly lower than the $4,113.04 million predicted by analysts. In the second quarter last year, the firm recorded $1.84 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -148.65%. Lennar Corporation has the potential to record 5.42 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on February 25th, 2019 where it informed investors and clients that Baidu, Inc. (NASDAQ:BIDU) is now rated as Equal Weight. Their price target on the stock stands at $200. Wedbush also rated BIDU as Downgrade on February 21st, 2019, with its price target of suggesting that BIDU could surge by 20.25% from its current share price. Even though the stock has been trading at $171.20/share, analysts expect it to surge higher by 1.10% to reach $217.03/share. It started the day trading at $173.89 and traded between $170.78 and $173.09 throughout the trading session.
A look at its technical shows that BIDU’s 50-day SMA is 170.00 while its 200-day SMA stands at 196.27. The stock has a high of $284.22 for the year while the low is $153.78. The company’s P/E ratio currently sits at 14.91, while the P/B ratio is 2.49. At the moment, only of Baidu, Inc. shares were sold short. The company’s average trading volume currently stands at 3.07M shares, which means that the short-interest ratio is just 1.68 days. Over the past seven days, the company moved, with its shift of -4.66%. Looking further, the stock has raised 4.20% over the past 90 days while it lost -10.90% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Baillie Gifford Co sold more BIDU shares, decreasing its portfolio by -1.97% during the last quarter. This move now sees Baillie Gifford Co selling -363,960 shares in the last quarter, thus it now holds 18,113,194 shares of BIDU, with a total valuation of $2,985,960,031. The Vanguard Group Inc meanwhile bought more BIDU shares in the recently filed quarter, changing its stake to $1,607,886,235 worth of shares. BlackRock Fund Advisors followed the path by increasing its BIDU portfolio by +6.22% in the quarter. This means that BlackRock Fund Advisors bought 559,996 shares in the last quarter and now controls 9,562,798 shares of the BIDU stock, with the valuation hitting $1,576,427,250.
Similarly, SSgA Funds Management Inc decreased its Baidu, Inc. shares by +0.00% during the recently filed quarter. After selling 25 shares in the last quarter, the firm now controls 5,301,916 shares of Baidu, Inc. which are valued at $874,020,853. In the same vein, Causeway Capital Management LLC increased its Baidu, Inc. shares by during the most recent reported quarter. The firm bought 846,815 shares during the quarter which increased its stakes to 5,252,361 shares and is now valued at $865,851,711. Following these latest developments, around 15.60% of Baidu, Inc. stocks are owned by institutional investors and hedge funds.