Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Wells Fargo Stick to Their Sell Rating for LGI Homes

Published 11/25/2021, 04:11 AM
Updated 11/25/2021, 04:11 AM


Wells Fargo (NYSE:WFC) analyst Deepa Raghavan maintained a Sell rating on LGI Homes (NASDAQ:LGIH) on Monday, setting a price target of $125, which is approximately 14.68% below the present share price of $146.51.

Raghavan expects LGI Homes to post earnings per share (EPS) of $4.10 for the fourth quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Hold rating of shares in LGI Homes, with an average price target of $137.75.
The analysts price targets range from a high of $175 to a low of $116.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $751.61 million and a net profit of $137.94 million. The company's market cap is $3.56 billion.

According to TipRanks.com, Wells Fargo analyst Deepa Raghavan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 82.76% success rate.

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It also deals with the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.