Here's What The Street's Saying About Lennar

Lennar Corporation LEN reported better than expected earnings on Thursday. EPS was $0.50 on revenue of $1.64 billion, beating the consensus estimate of $0.45 on $1.5 billion of revenue.

In a statement, Lennar CEO Stuart Miller said, "In spite of some very difficult weather conditions in various parts of the country that have limited both sales and pushed back production, our first quarter results demonstrate that Lennar is very well positioned to continue to perform extremely well in current market conditions and we continue to execute our balanced operating strategy."

Several Wall Street firms gave their opinion on Lennar.

Citi: Analyst Will Randow rates Lennar as Neutral with a $50 price target.

"...management stated that early signals from this year's Spring Selling Season indicate that the housing market is improving, and disappointing permits and starts numbers should improve shortly... unexpected changes in related economic activity, consumer confidence, government regulations, M&A, and the company's liquidity may cause the shares to under-perform our expectations."

Credit Suisse: Michael Dahl, Patrick Murray, and Anthony Trainor rate Lennar as Neutral with a $43 price target.

"We are raising our 2015 EPS est. to $3.05 driven primarily by stronger homebuilding revenues (following better 1Q order growth), lower direct interest expense and tax rate...raising our order growth estimate to 10 percent year over year 2015 ...driven by the better 1Q orders and higher growth expectations in West and Central region, checked by slowing in SE Florida due to new community openings taking longer to contribute."

Barclays: Stephen Kim rates Lennar as Equal-Weight with a $45 price target.

"Overall, it was a clean quarter marked by strong growth in the core homebuilding business and modestly better Rialto income, partially offset by a modest loss in multi-family...We continue to be impressed with the strength of Lennar's ability to diversify its profit stream through auxiliary businesses. However, given the margin compression outlook across the home-building industry, we do not anticipate LEN's stock to meaningfully outperform."

Shares of Lennar traded recently at $50.76, up 2.2 percent.