Share on StockTwits

PulteGroup (NYSE:PHM) saw a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 20,399,742 shares, an increase of 15.9% from the May 15th total of 17,596,736 shares, American Banking & Market News reports. Based on an average daily trading volume, of 6,372,200 shares, the days-to-cover ratio is currently 3.2 days. Currently, 6.0% of the company’s shares are short sold.

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, June 5th. 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. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. PulteGroup has a consensus rating of “Hold” and an average price target of $21.63.

PulteGroup (NYSE:PHM) opened at 19.65 on Monday. PulteGroup has a 52-week low of $14.23 and a 52-week high of $21.65. The stock has a 50-day moving average of $19.26 and a 200-day moving average of $19.3. The company has a market cap of $7.440 billion and a price-to-earnings ratio of 2.93.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, April 24th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that PulteGroup will post $1.16 earnings per share for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.