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William Lyon Homes (NYSE:WLH)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Thursday. They currently have a $31.00 price target on the stock, down from their previous price target of $36.00. Citigroup Inc.’s price target would indicate a potential upside of 25.91% from the company’s current price.

William Lyon Homes (NYSE:WLH) traded down 3.11% on Thursday, hitting $24.62. The stock had a trading volume of 204,948 shares. William Lyon Homes has a one year low of $18.81 and a one year high of $31.77. The stock has a 50-day moving average of $28.27 and a 200-day moving average of $27.18. The company has a market cap of $768.7 million and a P/E ratio of 5.50. William Lyon Homes also was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,191,495 shares, an increase of 63.8% from the June 13th total of 727,444 shares. Based on an average daily volume of 413,512 shares, the short-interest ratio is presently 2.9 days. Currently, 4.7% of the shares of the stock are sold short.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.12. The company had revenue of $149.95 million for the quarter, compared to the consensus estimate of $124.42 million. The company’s quarterly revenue was up 85.4% on a year-over-year basis. Analysts expect that William Lyon Homes will post $1.94 EPS for the current fiscal year.

William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada.

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