D.R. Horton (NYSE: DHI)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday.
The analysts wrote, “DR Horton (DHI) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of D.R. Horton traded up 0.83% during mid-day trading on Friday, hitting $22.485. D.R. Horton has a 52 week low of $13.45 and a 52 week high of $24.66. The stock’s 50-day moving average is currently $22.43. The company has a market cap of $7.225 billion and a P/E ratio of 7.98.
D.R. Horton last announced its earnings results on Tuesday, January 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $1.20 million for the quarter, compared to the consensus estimate of $1.10 million. During the same quarter last year, the company posted $0.09 earnings per share. D.R. Horton’s revenue was up 38.1% compared to the same quarter last year. Analysts expect that D.R. Horton will post $1.03 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $50.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of D.R. Horton in a research note to investors on Tuesday, February 5th. They now have a $25.00 price target on the stock, up previously from $22.00. Finally, analysts at Barclays Capital upgraded shares of D.R. Horton from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, February 5th.
Nine investment analysts have rated the stock with a buy rating, one has given an overweight rating, eleven have issued a hold rating, and one has given a sell rating to the stock. The stock currently has a consensus rating of “overweight” and an average target price of $24.47.
D.R. Horton, Inc. is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, primarily under the name of D.
To view TheStreet’s full report, visit www.thestreetratings.com
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