PulteGroup Receives Average Rating of “Hold” from Analysts (NYSE:PHM)
Shares of PulteGroup (NYSE:PHM) have received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Analyst Ratings Net reports. Four equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.63.
A number of research firms have recently commented on PHM. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note on Thursday. They now have a $21.00 price target on the stock. Finally, analysts at Barclays downgraded shares of PulteGroup from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. They now have a $20.00 price target on the stock, down previously from $21.00. They noted that the move was a valuation call.
PulteGroup (NYSE:PHM) traded up 0.65% during mid-day trading on Friday, hitting $20.01. 1,243,725 shares of the company’s stock traded hands. PulteGroup has a 52 week low of $14.23 and a 52 week high of $21.75. The stock has a 50-day moving average of $18.90 and a 200-day moving average of $19.24. The company has a market cap of $7.577 billion and a P/E ratio of 2.96. PulteGroup also was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 17,596,736 shares, an increase of 20.8% from the April 30th total of 14,568,646 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,403,923 shares, the days-to-cover ratio is currently 2.7 days.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. PulteGroup’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that PulteGroup will post $1.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, June 17th.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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