William Lyon Gets a Hold Rating from Wedbush

By Carrie Williams

Wedbush analyst Jay McCanless reiterated a Hold rating on William Lyon (NYSE: WLH) today and set a price target of $31. The company’s shares opened today at $29.14, close to its 52-week high of $30.79.

According to TipRanks.com, McCanless is a 3-star analyst with an average return of 8.1% and a 54.3% success rate. McCanless covers the Consumer Goods sector, focusing on stocks such as Century Communities, Taylor Morrison, and WCI Communities.

William Lyon has an analyst consensus of Hold, with a price target consensus of $28.

Based on William Lyon’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $490 million and quarterly net profit of $27.42 million. In comparison, last year the company earned revenue of $343 million and had a net profit of $13.07 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

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William Lyon Homes, Inc. engages in the design, construction, and sale of single family detached and attached homes. It operates through the following geographical segments: California, Arizona, Nevada, Colorado, Washington, and Oregon.