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TRI Pointe Homes (NYSE:TPH)‘s stock had its “buy” rating reaffirmed by research analysts at Paradigm Capital in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $8.00 target price on the stock, down from their previous target price of $8.50. Paradigm Capital’s price objective would indicate a potential downside of 50.56% from the stock’s previous close.

TRI Pointe Homes (NYSE:TPH) traded up 3.03% during mid-day trading on Friday, hitting $16.67. 80,231 shares of the company’s stock traded hands. TRI Pointe Homes has a 52-week low of $13.43 and a 52-week high of $20.29. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $17.50. The company has a market cap of $527.3 million and a P/E ratio of 26.35.

TRI Pointe Homes (NYSE:TPH) last announced its earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $72.81 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 160.9% on a year-over-year basis. On average, analysts predict that TRI Pointe Homes will post $1.00 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Sidoti upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Friday. Analysts at Scotiabank reiterated a “sector perform” rating on shares of TRI Pointe Homes in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.31.

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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