5 Undervalued Stocks to Buy Today

1. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 50     

PE Ratio: 8.24

Lennar Corporation (NYSE:LEN) is a Florida-based homebuilder. Bank of America recently reinstated coverage of the stock with a Buy rating and a price target of $120, noting the “leading market position” of the firm in the homebuilding market and investment into tech as some of the reasons why the stock would likely outperform peers in the coming months. Rafe Jadrosich, an analyst at the firm, issued the ratings update. 

In the past week, mortgage rates have gone below 3%, indicating that the demand for housing will remain strong in the coming year and benefit stocks like Lennar Corporation (NYSE:LEN), according to a senior economist at Freddie Mac. 

At the end of the second quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $1.9 billion in Lennar Corporation (NYSE:LEN), up from 49 the preceding quarter worth $1.5 billion.

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