D.R. Horton Rating Reiterated by Susquehanna (DHI)
D.R. Horton (NYSE:DHI)‘s stock had its “neutral” rating reaffirmed by Susquehanna in a research note issued on Friday, StockRatingsNetwork.com reports. They currently have a $21.00 price target on the stock, up from their previous price target of $20.00. Susquehanna’s price target would indicate a potential upside of 14.82% from the company’s current price.
The analysts wrote, “Fundamentally, homebuilder traffic and orders have shown resilience in late Summer and early Fall. Rates have moved off highs, affordability remains strong, mortgage credit is getting looser, and home prices continue to move in the right direction. The builder stocks have been disproportionately punished in the past ten days on default concerns. Additionally, in each of the last six years, buying the homebuilder stocks before Thanksgiving and selling them on tax day has generated positive returns every year, at an average of 22.5% per season.”
D.R. Horton (NYSE:DHI) traded up 1.75% during mid-day trading on Friday, hitting $18.61. The stock had a trading volume of 1,932,334 shares. D.R. Horton has a one year low of $17.52 and a one year high of $27.75. The stock’s 50-day moving average is $19.0 and its 200-day moving average is $21.86. The company has a market cap of $6.008 billion and a price-to-earnings ratio of 14.80.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $2.22 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. Analysts expect that D.R. Horton will post $1.29 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DHI. 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. Separately, analysts at Credit Suisse downgraded shares of D.R. Horton from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. Finally, analysts at Thomson Reuters/Verus downgraded shares of D.R. Horton from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average 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.
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