Analyst Research Roundup: The Hershey Company (HSY), CalAtlantic Group, Inc. (CAA)

Lennar Corporation town homes are under construction at Chelsea Place in Tamarac Fla. Lennar is buying Cal Atlantic Group in a $5.7 billion deal that will create the nation’s largest homebuilder as

Current CalAtlantic shareholders will receive an 0.885 share of Lennar Class A common stock, which was priced at $51.34 per share on the New York Stock Exchange on October 27. The average twelve-month price target among analysts that have updated their coverage on the stock in the past year is $40.22. The stock presently has a consensus rating of Buy and an average price target of $42.29.

Shares of CalAtlantic Group (NYSE:CAA) opened at 40.45 on Thursday. The second is to trade the stock in for $48.26 per share.

Miller and his family trust, which hold a 41.4 percent voting interest in Lennar, and MP CA Homes, an affiliate of MatlinPatterson Global Opportunities Partners that holds a 25.4 percent voting interest in CalAtlantic, have agreed to support the deal, the companies said. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.

In other CalAtlantic Group news, CMO Wendy L. Marlett sold 18,000 shares of the firm's stock in a transaction dated Thursday, September 15th.

With a total market value of $0, CalAtlantic Group has price-earnings ratio of 13.50 with a one year low of $30.20 and a 52 week high of $50.48.

CalAtlantic Group (NYSE:CAA) last released its earnings results on Wednesday, October 26th. For the quarter, shares have been noted at 15.24%. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.68 billion. The firm's revenue was up 166.0% on a year-over-year basis. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Denali Advisors LLC purchased a new stake in shares of CalAtlantic Group during the third quarter valued at about $769,000. Following the completion of the sale, the chief marketing officer now directly owns 54,396 shares in the company, valued at $1,877,205.96. BlueMountain Capital Management LLC lifted its position in shares of CalAtlantic Group by 412.2% during the second quarter. Tightening the gaze, stock performance for the last 5 trading days is 3.96%. This transaction should close during the first three months of next year.

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