LGI Homes, Inc. (NASDAQ:LGIH – Get Free Report) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $116.25.
Several research firms recently issued reports on LGIH. Seaport Res Ptn restated a “buy” rating on shares of LGI Homes in a report on Wednesday, June 14th. JPMorgan Chase & Co. boosted their target price on LGI Homes from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a report on Friday, August 4th. Wedbush upped their price objective on LGI Homes from $89.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Finally, BTIG Research upped their price objective on LGI Homes from $77.00 to $103.00 in a report on Wednesday, August 2nd.
Institutional Trading of LGI Homes
LGI Homes Trading Up 2.1 %
LGIH stock opened at $119.44 on Thursday. The company has a current ratio of 8.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.61. LGI Homes has a 12-month low of $74.61 and a 12-month high of $141.91. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.74 and a beta of 1.76. The business’s 50-day moving average is $129.66 and its 200 day moving average is $120.30.
LGI Homes (NASDAQ:LGIH – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.35. LGI Homes had a return on equity of 12.30% and a net margin of 9.44%. The company had revenue of $645.70 million for the quarter, compared to analysts’ expectations of $638.05 million. During the same period in the previous year, the firm posted $5.20 EPS. LGI Homes’s revenue was down 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that LGI Homes will post 8.14 EPS for the current fiscal year.
LGI Homes Company Profile
LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to institutions looking to acquire single-family rental properties.
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