PulteGroup Sees Unusually High Options Volume (PHM)
PulteGroup (NYSE:PHM) was the recipient of some unusual options trading on Friday. Stock traders purchased 6,945 put options on the company, Analyst Ratings News reports. This represents an increase of approximately 505% compared to the average volume of 1,147 put options.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of PulteGroup from $20.00 to $22.00 in a research note on Monday, June 30th. They now have an “underweight” rating on the stock. Separately, 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 Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note on Friday, April 25th. They now have a $20.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.68.
PulteGroup (NYSE:PHM) traded down 0.55% on Friday, hitting $19.74. The stock had a trading volume of 3,487,293 shares. PulteGroup has a 1-year low of $14.23 and a 1-year high of $21.65. The stock’s 50-day moving average is $19.84 and its 200-day moving average is $19.52. The company has a market cap of $7.475 billion and a price-to-earnings ratio of 2.96.
PulteGroup (NYSE:PHM) last released its earnings data on Thursday, April 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts expect that PulteGroup will post $1.16 EPS for the current fiscal year.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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