PulteGroup Given Consensus Recommendation of “Hold” by Brokerages (NYSE:PHM)
PulteGroup (NYSE:PHM) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, StockRatingsNetwork.com 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 price target among brokers that have updated their coverage on the stock in the last year is $21.80.
A number of analysts have recently weighed in on PHM shares. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, August 26th. 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 (NYSE:PHM) opened at 19.22 on Wednesday. PulteGroup has a one year low of $15.14 and a one year high of $21.65. The stock’s 50-day moving average is $18.74 and its 200-day moving average is $19.28. The company has a market cap of $7.226 billion and a P/E ratio of 2.81.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that PulteGroup will post $1.09 EPS for the current fiscal year.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.