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TRI Pointe Homes LLC (NYSE:TPH) was downgraded by equities research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $23.00 price objective on the stock. JMP Securities’ price target would indicate a potential upside of 26.44% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Sidoti downgraded shares of TRI Pointe Homes LLC from a “buy” rating to a “neutral” rating in a research note on Monday, January 13th. Separately, 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 on Friday, January 10th. They now have a $19.00 price target on the stock, down previously from $21.00. Finally, analysts at Buckingham Research initiated coverage on shares of TRI Pointe Homes LLC in a research note on Monday, December 23rd. They set a “neutral” rating and a $19.55 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.26.

TRI Pointe Homes LLC (NYSE:TPH) traded down 3.41% during mid-day trading on Tuesday, hitting $17.57. The stock had a trading volume of 266,450 shares. TRI Pointe Homes LLC has a 1-year low of $13.43 and a 1-year high of $21.25. The stock has a 50-day moving average of $18.20 and a 200-day moving average of $16.5. The company has a market cap of $555.2 million and a price-to-earnings ratio of 42.60.

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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