D.R. Horton (NYSE:DHI)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Wednesday, StockRatingsNetwork reports. They currently have a $20.00 price objective on the stock. Zacks‘ price target would suggest a potential upside of 5.76% from the company’s current price.
Zacks‘ analyst wrote, “D.R. Horton reported dismal fourth quarter fiscal 2013 results missing the Zacks Consensus Estimate for both revenue and earnings as net orders declined in the quarter. Net sales orders declined 2% in the fourth quarter as housing demand slowed due to rise in interest/mortgage rate. However, pricing gains and better fixed cost leverage boosted profits in the quarter. Despite improving profits, we prefer to remain on the sidelines until we see a rebound in volumes. Moreover, recent increases in mortgage rates, changes in federal lending procedure and lack of overall economic recovery could hurt demand for new homes.”
Shares of D.R. Horton (NYSE:DHI) traded up 0.63% during mid-day trading on Wednesday, hitting $19.03. 5,408,668 shares of the company’s stock traded hands. D.R. Horton has a 1-year low of $17.52 and a 1-year high of $27.75. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $21.. The company has a market cap of $6.144 billion and a P/E ratio of 15.30.
D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, November 12th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 40.0% on a year-over-year basis. Analysts expect that D.R. Horton will post $1.59 EPS for the current fiscal year.
A number of other firms have also recently commented on DHI. Analysts at Keefe, Bruyette & Woods upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at Ned Davis Research downgraded shares of D.R. Horton from a “neutral” rating to a “sell” rating in a research note to investors on Monday, October 21st. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of D.R. Horton in a research note to investors on Friday, October 11th. They now have a $21.00 price target on the stock, up previously from $20.00. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.11.
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.
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