user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 436149 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Analyst Rating In Review: Lennar Sold Off 3.2% Since Upgraded 7 Days Ago (LEN)

Published on Tue, 02/05/2013 - 10:09
By Robert Cotter

A week ago, Compass Point upgraded Lennar from Neutral to Buy. The stock closed at $40.57, which is 3.2% lower than the price one week ago ($41.91).

Lennar Corporation constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings as well as as buys and sells residential land. The Company also provides mortgage financing, title insurance, closing services and other ancillary services (including personal lines insurance, high-speed Internet and cable television).

Lennar has overhead space with shares priced $40.22, or 5.5% below the average consensus analyst price target of $42.54. The stock should discover initial support at its 50-day moving average (MA) of $39.54 and subsequent support at its 200-day MA of $33.61.

In the past 52 weeks, Lennar share prices have been bracketed by a low of $22.01 and a high of $43.22 and are now at $40.22, 83% above that low price. The 200-day and 50-day moving averages have moved 0.68% higher and 0.62% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Walter Energy Looks to Continue to Trade...

Shares of Walter Energy (NYSE:WLT) traded today at $3.05, breaking its 52-week low. So ...

Recent 52-Week High Exceeded in Shares o...

Shares of WellPoint (NYSE:WLP) traded today at $121.59, breaking its 52-week high. So ...

Wells Fargo Looks to Continue to Trade A...

Shares of Wells Fargo (NYSE:WFC) traded today at $53.32, breaking its 52-week high. Th ...

Shares of Waste Connections Rise Above P...

Shares of Waste Connections (NYSE:WCN) traded at a new 52-week high today of $50.66. T ...

VirnetX Holding: New 52-Week Low Set Tod...

Shares of VirnetX Holding (AMEX:VHC) traded today at $4.18, breaking its 52-week low. ...

Recent 52-Week High Exceeded in Shares o...

VF Corp (NYSE:VFC) traded today at a new 52-week high of $67.01. Approximately 926,000 ...

Shares of UQM Technologies Fall Below Pr...

UQM Technologies (AMEX:UQM) traded today at a new 52-week low of $1.22. So far today a ...

Recent 52-Week High Exceeded in Shares o...

Shares of Union Pacific (NYSE:UNP) traded today at $110.26, breaking its 52-week high. ...