RBC Capital Reconfirmed Lennar (LEN) As “Buy”; Has TP Of $60.0000, Ra Capital Management Cut Ardelyx (ARDX) Position By $18.63 Million

June 19, 2017 - By Michael Collier

Among 20 analysts covering Lennar (NYSE:LEN), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Lennar has $60.0 highest and $45 lowest target. $52.29’s average target is -1.21% below currents $52.93 stock price. Lennar had 30 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by M Partners on Monday, December 21 with “Neutral”. The stock of Lennar Corporation (NYSE:LEN) has “Overweight” rating given on Thursday, April 7 by Barclays Capital. Credit Suisse maintained it with “Neutral” rating and $48 target in Wednesday, March 30 report. The rating was maintained by RBC Capital Markets on Wednesday, September 21 with “Outperform”. The company was initiated on Tuesday, September 20 by Wedbush. The stock of Lennar Corporation (NYSE:LEN) has “Outperform” rating given on Wednesday, March 30 by Wood. The company was maintained on Wednesday, September 21 by Citigroup. The firm has “Outperform” rating by Wood given on Friday, April 7. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Wednesday, September 21 report. Barclays Capital initiated it with “Overweight” rating and $50 target in Friday, January 6 report.

Ra Capital Management Llc decreased Ardelyx Inc (ARDX) stake by 40.74% reported in 2016Q4 SEC filing. Ra Capital Management Llc sold 1.33 million shares as Ardelyx Inc (ARDX)’s stock declined 53.45%. The Ra Capital Management Llc holds 1.94 million shares with $27.48M value, down from 3.27 million last quarter. Ardelyx Inc now has $197.07M valuation. The stock decreased 4.40% or $0.2 on June 16, reaching $4.35. About shares traded. Ardelyx Inc (NASDAQ:ARDX) has declined 19.22% since June 19, 2016 and is downtrending. It has underperformed by 35.92% the S&P500.

Among 6 analysts covering Ardelyx Inc (NASDAQ:ARDX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ardelyx Inc had 8 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Ardelyx Inc (NASDAQ:ARDX) earned “Buy” rating by Wedbush on Thursday, September 3. JMP Securities maintained Ardelyx Inc (NASDAQ:ARDX) on Wednesday, March 9 with “Market Outperform” rating. The stock of Ardelyx Inc (NASDAQ:ARDX) earned “Buy” rating by Citigroup on Wednesday, August 10. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, May 31. BTIG Research initiated the shares of ARDX in report on Tuesday, September 22 with “Buy” rating. As per Thursday, March 31, the company rating was initiated by Ladenburg Thalmann. The firm has “Buy” rating by BTIG Research given on Friday, December 18.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on June, 20. They expect $0.78 EPS, down 17.89% or $0.17 from last year’s $0.95 per share. LEN’s profit will be $178.46 million for 16.96 P/E if the $0.78 EPS becomes a reality. After $0.59 actual EPS reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 32.20% EPS growth.

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.26, from 1.21 in 2016Q3. It dropped, as 56 investors sold Lennar Corporation shares while 153 reduced holdings. 57 funds opened positions while 141 raised stakes. 186.24 million shares or 3.31% more from 180.27 million shares in 2016Q3 were reported. Shaker Ltd Liability Oh reported 15,397 shares. Norinchukin Comml Bank The has invested 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Paloma Ptnrs stated it has 46,087 shares or 0.02% of all its holdings. Old Mutual Customised Solutions (Proprietary) has 2,900 shares for 0.02% of their portfolio. Teachers Retirement Of The State Of Kentucky holds 0.15% or 272,966 shares in its portfolio. The New Jersey-based Prudential Financial has invested 0.05% in Lennar Corporation (NYSE:LEN). 120,432 are held by Calamos Advsrs Ltd Liability Co. Mckinley Limited Com Delaware has invested 0.01% in Lennar Corporation (NYSE:LEN). Ubs Asset Mgmt Americas accumulated 2.56 million shares or 0.12% of the stock. Invest Of Virginia Ltd Co has 0.3% invested in Lennar Corporation (NYSE:LEN) for 29,420 shares. Basswood Capital Ltd Liability Corporation has 0.2% invested in Lennar Corporation (NYSE:LEN) for 105,278 shares. The Colorado-based Alps Advsr has invested 0% in Lennar Corporation (NYSE:LEN). Hexavest holds 1.36% or 1.64 million shares in its portfolio. Art Ltd Liability Corp owns 34,600 shares or 0.09% of their US portfolio. Northwestern Mutual Wealth holds 585 shares.

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The company has market cap of $12.11 billion. The Firm is a homebuilder that operates in various states. It has a 15.33 P/E ratio. The Company’s divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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