Alert: Positive Investment/Fundamental Signals (11/17/23)-LGI Homes Inc (NASDAQ: LGIH)


Extremely important positive changes in investment behavior have recently occurred for LGI Homes Inc (NASDAQ: LGIH): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

LGI Homes Inc (NASDAQ: LGIH). Small positive changes in fundamentals have recently occurred: the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

LGIH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

LGI Homes has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. LGI Homes has a good Power Rating of 75 and a good Appreciation Score of 77, with the Highest Value Trend Rating the result.

Recent Price Action

LGI Homes Inc (NASDAQ: LGIH) stock closed at $122.58 on 11/17/23 after an increase of 1.5%. The stock has risen 12.3% during the last week and has performed in line with the market over the last nine months.

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