LGI Homes, Inc. (NASDAQ:LGIH).
June 30 investment analysts at JMP Securities maintained a company rating of “Market Outperform” but raised the price expectation from $20.00 to $22.00. On January 20 JMP Securities kept the company rating at “Market Outperform” and lowered the price expectation to $18.00 from $21.00.
On January 12 JP Morgan made no change to the stock rating of “Overweight” but lowered the price target from $24.00 to $19.00. On December 4 Bank of America made no change to the company rating of “Buy” and moved up the price target from $22.00 to $23.00.
On August 13 JP Morgan kept the stock rating at “Overweight” but moved up the price target to $21.00 from $20.00.
The company is trading up from yesterday’s close of $36.22. The stock is trading at $36.73 just a bit higher than the 50 day moving average which is $36.19 and marginally over the 200 day moving average of $30.64. The 50 day moving average went up by +1.51% and the 200 day average went up by +19.86%.
The P/E ratio is currently 12.13 and market cap is 772.17M. As of the latest earnings report the EPS was $3.03 and is expected to be $3.40 for the current year with 21,023,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.00 and the next full year EPS is anticipated to be $3.98.
Traders are more bearish on LGI Homes, Inc. of late if you watch the change in short interest. The firm recorded a rise in short interest of 0.08% between August 31, 2016 and September 15, 2016. Short shares grew 358,426 over that period. The days to cover decreased to 9.1 and the percentage of shorted shares was 0.24% on September 15.