Shares of LGI Homes, Inc. (NASDAQ:LGIH – Get Free Report) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $72.75.
Several equities analysts have recently issued reports on LGIH shares. Weiss Ratings downgraded shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th.
Check Out Our Latest Research Report on LGIH
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LGI Homes Stock Performance
Shares of NASDAQ LGIH opened at $58.25 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 17.74 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $58.77 and its two-hundred day moving average price is $50.91. LGI Homes has a 52-week low of $33.55 and a 52-week high of $69.50. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.44 and a beta of 1.83.
LGI Homes (NASDAQ:LGIH – Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $516.05 million during the quarter, compared to analyst estimates of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share.
LGI Homes Company Profile
LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.
In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.
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