D.R. Horton (NYSE:DHI)‘s stock had its “sector perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Monday, American Banking News.com reports. They currently have a $20.00 price objective on the stock, down from their previous price objective of $21.00. RBC Capital’s price target suggests a potential upside of 4.82% from the company’s current price.
Shares of D.R. Horton (NYSE:DHI) traded up 2.10% during mid-day trading on Monday, hitting $19.48. The stock had a trading volume of 1,560,484 shares. D.R. Horton has a 52 week low of $17.52 and a 52 week high of $27.75. The stock has a 50-day moving average of $19.17 and a 200-day moving average of $20.24. The company has a market cap of $6.290 billion and a price-to-earnings ratio of 14.30.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.30 earnings per share. D.R. Horton’s revenue was up 40.0% compared to the same quarter last year. On average, analysts predict that D.R. Horton will post $1.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of D.R. Horton from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, November 20th. Separately, analysts at Williams Financial Group cut their price target on shares of D.R. Horton from $30.00 to $26.00 in a research note to investors on Friday, November 15th. Finally, analysts at Williams Capital cut their price target on shares of D.R. Horton from $30.00 to $26.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.03.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.