D.R. Horton Rating Increased to Buy at MKM Partners (DHI)
D.R. Horton (NYSE:DHI) was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Compass Point downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $20.00 price target on the stock, down previously from $23.50. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of D.R. Horton in a research note to investors on Monday, December 9th. They now have a $20.00 price target on the stock, down previously from $21.00. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. D.R. Horton currently has an average rating of “Hold” and a consensus price target of $25.80.
Shares of D.R. Horton (NYSE:DHI) traded up 0.72% on Thursday, hitting $21.735. 2,020,851 shares of the company’s stock traded hands. 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 $20.12 and a 200-day moving average of $19.6. The company has a market cap of $7.019 billion and a P/E ratio of 16.18.
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 $1.56 EPS for the current fiscal year.
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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