D.R. Horton Hits New 12-Month High Following Analyst Upgrade (DHI)
D.R. Horton (NYSE:DHI)’s share price reached a new 52-week high during trading on Tuesday after Barclays raised their price target on the stock from $28.00 to $34.00, Analyst Ratings Network.com reports. Barclays currently has an overweight rating on the stock. D.R. Horton traded as high as $25.12 and last traded at $25.09, with a volume of 3,071,106 shares. The stock had previously closed at $24.58.
A number of other analysts have also recently weighed in on DHI. Analysts at RBC Capital upgraded shares of D.R. Horton from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $27.00 price target on the stock, up previously from $26.00. Separately, analysts at Zacks downgraded shares of D.R. Horton from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $23.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of D.R. Horton from $21.00 to $22.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.91.
The stock has a 50-day moving average of $23.41 and a 200-day moving average of $22.52. The company has a market cap of $8.185 billion and a price-to-earnings ratio of 15.87.
D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts predict that D.R. Horton will post $1.73 earnings per share for the current fiscal year.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 27 states and 78 metropolitan markets of the United States, primarily under the name of D.
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