TRI Pointe Homes LLC Rating Lowered to Market Perform at FBR Capital Markets (TPH)
TRI Pointe Homes LLC (NYSE:TPH) was downgraded by equities research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $19.00 price objective on the stock, down from their previous price objective of $21.00. FBR Capital Markets’ price objective would suggest a potential upside of 3.04% from the company’s current price.
TRI Pointe Homes LLC (NYSE:TPH) last released its earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $46.80 million for the quarter, compared to the consensus estimate of $44.89 million. TRI Pointe Homes LLC’s revenue was up 480.2% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of TRI Pointe Homes LLC in a research note to investors on Monday, December 23rd. They set a “neutral” rating and a $19.55 price target on the stock. Analysts at Sterne Agee initiated coverage on shares of TRI Pointe Homes LLC in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.22.
Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.
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