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PulteGroup (NYSE:PHM) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $23.00 target price on the stock. Raymond James’ price target suggests a potential upside of 13.19% from the stock’s previous close.

PulteGroup (NYSE:PHM) traded up 2.78% during mid-day trading on Friday, hitting $20.32. The stock had a trading volume of 14,382,504 shares. PulteGroup has a 1-year low of $14.23 and a 1-year high of $24.47. The stock’s 50-day moving average is $19.34 and its 200-day moving average is $17.5. The company has a market cap of $7.784 billion and a P/E ratio of 3.14. PulteGroup also was the recipient of unusually large options trading on Wednesday. Stock investors bought 14,821 call options on the stock. This is an increase of 219% compared to the typical volume of 4,653 call options.

PulteGroup (NYSE:PHM) last announced its earnings results on Friday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.13. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts predict that PulteGroup will post $1.12 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of PulteGroup from $19.00 to $20.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of PulteGroup from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, January 10th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at MKM Partners raised their price target on shares of PulteGroup from $19.00 to $21.00 in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.25.

PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.

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