PulteGroup Given Consensus Rating of “Hold” by Analysts (NYSE:PHM)
PulteGroup (NYSE:PHM) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Stock Ratings Network reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.80.
Shares of PulteGroup (NYSE:PHM) traded up 0.16% on Wednesday, hitting $19.12. The stock had a trading volume of 543,854 shares. PulteGroup has a 52-week low of $15.14 and a 52-week high of $21.65. The stock has a 50-day moving average of $18.84 and a 200-day moving average of $19.29. The company has a market cap of $7.188 billion and a price-to-earnings ratio of 2.81.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.26 earnings per share. PulteGroup’s revenue was up .5% compared to the same quarter last year. Analysts expect that PulteGroup will post $1.09 EPS for the current fiscal year.
A number of research firms have recently commented on PHM. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday. They now have a $20.00 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of PulteGroup from $24.00 to $22.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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