PulteGroup (NYSE:PHM)‘s stock had its “neutral” rating restated by research analysts at MKM Partners in a report released on Thursday, American Banking News.com reports. They currently have a $19.00 price objective on the stock, up from their previous price objective of $16.00. MKM Partners’ target price points to a potential upside of 13.91% from the stock’s previous close.
A number of other analysts have also recently weighed in on PHM. Analysts at Susquehanna reiterated a “neutral” rating on shares of PulteGroup in a research note to investors on Friday, October 11th. They now have a $17.00 price target on the stock, up previously from $15.00. Separately, analysts at Zacks downgraded shares of PulteGroup from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 17th. They now have a $16.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of PulteGroup from $21.00 to $20.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.08.
PulteGroup (NYSE:PHM) traded up 6.86% on Thursday, hitting $17.825. The stock had a trading volume of 15,347,315 shares. PulteGroup has a one year low of $13.31 and a one year high of $24.47. The stock’s 50-day moving average is $16.0 and its 200-day moving average is $19.2. The company has a market cap of $6.922 billion and a price-to-earnings ratio of 22.03.
PulteGroup (NYSE:PHM) last released its earnings data on Thursday, October 24th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.27 earnings per share. PulteGroup’s revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that PulteGroup will post $1.06 earnings per share for the current fiscal year.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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