D.R. Horton (NYSE:DHI) was upgraded by Keefe, Bruyette & Woods to an “outperform” rating in a research note issued on Tuesday, AmericanBankingNews.com reports.
D.R. Horton (NYSE:DHI) traded up 4.62% during mid-day trading on Tuesday, hitting $18.895. The stock had a trading volume of 16,367,583 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 $18.98 and a 200-day moving average of $21.16. The company has a market cap of $6.100 billion and a P/E ratio of 14.61.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 $1.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks downgraded shares of D.R. Horton from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. D.R. Horton currently has a consensus rating of “Hold” and an average target price 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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