TRI Pointe Homes LLC Stock Rating Lowered by Sidoti (TPH)
TRI Pointe Homes LLC (NYSE:TPH) was downgraded by research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on TPH. Analysts at FBR Capital Markets downgraded shares of TRI Pointe Homes LLC from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $19.00 price target on the stock, down previously from $21.00. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.26.
TRI Pointe Homes LLC (NYSE:TPH) traded down 4.45% on Monday, hitting $17.16. The stock had a trading volume of 1,076,937 shares. TRI Pointe Homes LLC has a 52 week low of $13.43 and a 52 week high of $21.25. The stock’s 50-day moving average is $19.03 and its 200-day moving average is $16.32. The company has a market cap of $542.2 million and a price-to-earnings ratio of 42.16.
TRI Pointe Homes LLC (NYSE:TPH) last announced its earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that TRI Pointe Homes LLC will post $0.47 EPS for the current fiscal year.
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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