LGI Homes (LGIH) is Initiated by Sidoti to Buy, Price Target at $46

LGI Homes (LGIH) is Initiated by Sidoti to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $46. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

The company shares have rallied 57.54% in the past 52 Weeks. On December 2, 2015 The shares registered one year high of $36.07 and one year low was seen on January 14, 2015 at $12.21. The 50-day moving average is $28.75 and the 200 day moving average is recorded at $25.55. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of LGI Homes, Inc. (NASDAQ:LGIH) appreciated by 0.74% during the past week but lost 29.66% on a 4-week basis. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.97%. LGI Homes, Inc. (NASDAQ:LGIH) has underperformed the index by 28.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of LGI Homes, Inc. (NASDAQ:LGIH) ended Thursday session in red amid volatile trading. The shares closed down 0.12 points or 0.51% at $23.19 with 215,606 shares getting traded. Post opening the session at $23.08, the shares hit an intraday low of $22.784 and an intraday high of $23.44 and the price vacillated in this range throughout the day. The company has a market cap of $464 million and the number of outstanding shares has been calculated to be 20,008,649 shares. The 52-week high of LGI Homes, Inc. (NASDAQ:LGIH) is $36.07 and the 52-week low is $12.21.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Lgi Homes, Inc., Smith Steven Randal sold 3,046 shares at $32.55 on November 25, 2015. The Insider selling transaction had a total value worth of $99,147. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

LGI Homes, Inc. (NASDAQ:LGIH) stock has received a short term price target of $ 31.17 from 3 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.11. The higher estimate of target price is $36 , while the lower price target estimate is $23

LGI Homes, Inc., is a homebuilding company engaged in the design and construction of entry-level homes in markets in Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. The Company’s homes are built on-site, with thoughtfully designed floor plans, which include granite countertops, appliances, custom cabinetry, dual-car garages and landscaped yards. The Company operates through metropolis of Phoenix, Arizona; Tampa, Florida; Orlando, Florida and Atlanta, Georgia. The Company builds homes for sale in some of the markets in the United States, including Phoenix, Arizona; Dallas & Fort Worth, Texas; Austin, Texas; Houston, Texas ; San Antonio, Texas ; Tampa, Florida , and Orlando, Florida. In July 2014, LGI Homes Inc purchased about 1,980 acres of land in Lancaster County, South Carolina.