February 13, 2018

Lennar Corporation completed strategic combination with CalAtlantic Group, Inc. (NYSE:CAA)

Lennar Corporation (NYSE:LEN and LEN.B) announced that it has completed the previously-announced strategic combination with CalAtlantic Group, Inc. (NYSE:CAA). The transaction, which is in the form of a merger of CalAtlantic into a wholly-owned subsidiary of Lennar, was overwhelmingly approved today by both companies’ stockholders. Pursuant to the Certificate of Merger filed in Delaware, the merger will be effective today at 11:59 PM ET.

Stuart Miller, Chief Executive Officer of Lennar, said, “We are extremely pleased to announce the completion of this strategic combination with CalAtlantic, creating the nation’s leading homebuilder. This combination benefits from overall economic strength, driven by low unemployment, rising wages, favorable tax reform, higher consumer confidence and strong housing demand. In this context, the normalization of interest rates should be offset by these favorable economic conditions.”

CalAtlantic Group, Inc. (NYSE:CAA)‘s stock on Monday traded at beginning with a price of $ 53.11 and when day-trade ended the stock finally surged 0.78% to reach at $53.12. Analyst’s mean target price for CAA is $54.19 while analysts mean recommendation is 2.80. Stock value has moved between $33.62 – 64.78 in last one year.

Analyst’s ratings determines the future of any company. Stock has got OUTPERFORM rating from 1 analyst(s) whereas last month 1 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 0 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Hold for CAA and estimated EPS for next quarter is 3.37.

CalAtlantic Group, Inc. (NYSE:CAA) yearly performance is 56.19% and net profit margin is 6.80%. Annual EPS Growth of past 5 years is 75.80%. The current share price indicates that stock is -17.77% away from its one year high and is moving 58.28% ahead of its 52-week low.

On 12 February 2018, CBL & Associates Properties, Inc (NYSE:CBL) stock price started the day at $ 4.26 and moved between $ 4.10 – 4.48 to finally close at $4.48. CBL’s distance from 20 day simple moving average is -17.68% and distance from 50-Day simple moving average is -19.70%. In last 4 months performance of CBL was -23.16% while its price to sale ratio is 0.96 and price to book ratio is 0.67.

Analysts expect CBL & Associates Properties, Inc (NYSE:CBL) to report 0.44 EPS and has got OUTPERFORM rating from 0 of Thomson Reuters analysts and 6 analyst(s) given UNDERPERFORM rating. Analyst’s mean target price for CBL is $5.10 while analysts mean recommendation is 3.70. Firm LT growth rate is estimated as 2 %.

TD Ameritrade Holding Corporation (NASDAQ:AMTD)’s stock on Monday traded at beginning with a price of $ 55.12 and when day-trade ended the stock finally popped up 1.35% to reach at $55.43. Analyst’s mean target price for AMTD is $64.06 while analysts mean recommendation is 2.40. Stock value has moved between $36.23 – 58.97 in last one year.

Stock has got OUTPERFORM rating from 7 analyst(s) whereas last month 7 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 3 analyst(s) given BUY rating to the stock. Company fiscal year is ending in September and analysts’ consensus recommendation is Outperform for AMTD and estimated EPS for next quarter is 1.76.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) yearly performance is 30.92% and net profit margin is 23.40%. Annual EPS Growth of past 5 years is 9.20%. The current share price indicates that stock is -5.78% away from its one year high and is moving 53.46% ahead of its 52-week low.

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