TRI Pointe Homes Receives Average Rating of “Buy” from Brokerages (NYSE:TPH)
Shares of TRI Pointe Homes (NYSE:TPH) have been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the company, StockRatingsNetwork reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.08.
Shares of TRI Pointe Homes (NYSE:TPH) traded down 0.23% during mid-day trading on Tuesday, hitting $13.00. The stock had a trading volume of 292,523 shares. TRI Pointe Homes has a 52 week low of $12.90 and a 52 week high of $20.29. The stock’s 50-day moving average is $14.7 and its 200-day moving average is $16.22. The company has a market cap of $2.097 billion and a price-to-earnings ratio of 17.58. TRI Pointe Homes also was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 6,908,403 shares, a decline of 29.7% from the July 15th total of 9,821,828 shares. Based on an average daily volume of 2,290,983 shares, the days-to-cover ratio is presently 3.0 days. Approximately 4.8% of the company’s shares are short sold.
TRI Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 83.8% on a year-over-year basis. Analysts expect that TRI Pointe Homes will post $0.90 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of TRI Pointe Homes in a research note on Monday. They set a “buy” rating and a $15.50 price target on the stock. Separately, 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. Finally, 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.
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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