5 Best Undervalued Stocks to Buy Now

1. Lennar Corporation (NYSE: LEN)

P/E Ratio as of June 14: 9.48
Number of Hedge Fund Holders: 49

Topping the list of 10 best undervalued stocks to buy now with Lennar Corporation (NYSE:LEN). Lennar Corporation operates as one of the biggest home construction firms in the United States with over 59,925 new homes delivered in 2020. In 2018, Lennar Corporation teamed up with Amazon.com, Inc. (NASDAQ:AMZN) to introduce smart home technology The Connected Home. The Connected Home includes built-in WiFi and everything from smart locks, doorbells, lights, etc. that can be controlled by Amazon.com, Inc. (NASDAQ:AMZN)’s voice-activated Alexa. Earlier this year, the company extended its partnership with Amazon.com, Inc. (NASDAQ:AMZN)’s Ring. The acquisition will include the ring video doorbell pro and the ring alarm to the home bundle which can be accessed through the Ring app.

Lennar Corporation (NYSE:LEN) posted its revenue of $5.3 billion in the first quarter of 2021, up from consensus estimates of $5.13 billion. LEN shares currently trade for $92.74 and have a P/E ratio of 9.48. The current dividend yield is 1.08%. The 52-week price range of Lennar Corporation (NYSE:LEN) is $57.09-110.61. Shares of LEN jumped 56% over the last twelve months. On April 16, Wells Fargo initiated coverage on Lennar Corporation (NYSE:LEN) with an Equal-Weight rating and announced a price target of $112.

There were 49 hedge funds that reported owning stakes in Lennar Corporation (NYSE:LEN) at the end of the first quarter.

You can also take a peek at 10 Best ADR Stocks to Buy in 2021 and 10 Best Plastics Stocks to Buy Now.

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