TRI Pointe Homes Receives Buy Rating from Citigroup Inc. (TPH)
TRI Pointe Homes (NYSE:TPH)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a $15.50 price objective on the stock, down from their previous price objective of $22.00. Citigroup Inc.’s price objective indicates a potential upside of 17.87% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $20.00 price target on the stock, up previously from $19.00. Separately, analysts at Paradigm Capital reiterated a “buy” rating on shares of TRI Pointe Homes in a research note on Friday, May 16th. They now have a $8.00 price target on the stock, down previously from $8.50. Finally, analysts at Sidoti upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.08.
Shares of TRI Pointe Homes (NYSE:TPH) traded down 0.61% during mid-day trading on Monday, hitting $13.07. 1,148,846 shares of the company’s stock traded hands. TRI Pointe Homes has a 1-year low of $13.11 and a 1-year high of $20.29. The stock has a 50-day moving average of $14.80 and a 200-day moving average of $16.27. The company has a market cap of $413.4 million and a price-to-earnings ratio of 17.75.
TRI Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.04. The company had revenue of $87.34 million for the quarter, compared to the consensus estimate of $75.40 million. During the same quarter last year, the company posted $0.07 earnings per share. TRI Pointe Homes’s revenue was up 83.8% compared to the same quarter last year. Analysts expect that TRI Pointe Homes will post $0.99 EPS for the current fiscal year.
Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.
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