D.R. Horton Price Target Increased to $25.00 by Analysts at RBC Capital (DHI)
Research analysts at RBC Capital upped their price objective on shares of D.R. Horton (NYSE:DHI) from $21.00 to $25.00 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 8.70% from the stock’s previous close.
D.R. Horton (NYSE:DHI) opened at 23.00 on Wednesday. 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 $21.06 and a 200-day moving average of $19.73. The company has a market cap of $7.428 billion and a price-to-earnings ratio of 15.70. D.R. Horton also was the recipient of unusually large options trading activity on Tuesday. Traders acquired 22,781 call options on the stock. This represents an increase of 325% compared to the typical daily volume of 5,358 call options.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.20 earnings per share. D.R. Horton’s revenue was up 32.7% compared to the same quarter last year. Analysts expect that D.R. Horton will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Shareholders of record on Friday, February 7th will be given a dividend of 0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.65%.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at Barclays raised their price target on shares of D.R. Horton from $24.00 to $25.00 in a research note to investors on Monday. Finally, analysts at KeyCorp downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $26.47.
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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