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Shares of TRI Pointe Homes (NYSE:TPH) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock, Analyst RN reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.08.

TPH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of TRI Pointe Homes in a research note on Monday, August 11th. They set a “buy” rating and a $15.50 price target on 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.

Shares of TRI Pointe Homes (NYSE:TPH) opened at 13.74 on Tuesday. TRI Pointe Homes has a 52 week low of $12.82 and a 52 week high of $20.29. The stock’s 50-day moving average is $14.4 and its 200-day moving average is $16.1. The company has a market cap of $2.217 billion and a price-to-earnings ratio of 18.49. TRI Pointe Homes also was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 6,908,403 shares, a decrease of 29.7% from the July 15th total of 9,821,828 shares. Approximately 4.8% of the company’s stock are sold short. Based on an average trading volume of 2,290,983 shares, the days-to-cover ratio is currently 3.0 days.

TRI Pointe Homes (NYSE:TPH) last released its earnings data on Thursday, August 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 $0.74 EPS for the current fiscal year.

In other TRI Pointe Homes news, Director Constance B. Moore acquired 20,000 shares of TRI Pointe Homes stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $13.41 per share, for a total transaction of $268,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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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