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PulteGroup (NYSE:PHM) was downgraded by equities research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $22.00 target price on the stock. FBR Capital Markets’ price target would indicate a potential upside of 14.46% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of PulteGroup (NYSE:PHM) traded down 1.51% on Tuesday, hitting $18.93. 3,444,494 shares of the company’s stock traded hands. PulteGroup has a 52 week low of $15.14 and a 52 week 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 $7.117 billion and a P/E ratio of 2.82.

PulteGroup (NYSE:PHM) last announced its earnings results 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. On average, analysts predict that PulteGroup will post $1.09 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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 Barclays raised their price target on shares of PulteGroup from $20.00 to $22.00 in a research note on Monday, June 30th. They now have an “underweight” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. PulteGroup currently has an average rating of “Hold” and a consensus target price of $21.80.

PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.

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