PulteGroup Given Consensus Recommendation of “Hold” by Brokerages (NYSE:PHM)
Shares of PulteGroup (NYSE:PHM) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Analyst Ratings Net reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $21.68.
Shares of PulteGroup (NYSE:PHM) opened at 19.49 on Wednesday. PulteGroup has a 52-week low of $14.23 and a 52-week 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 $7.380 billion and a P/E ratio of 2.90.
PulteGroup (NYSE:PHM) last issued its quarterly 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. On average, analysts predict that PulteGroup will post $1.16 earnings per share for the current fiscal year.
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.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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