PulteGroup, Inc. (NYSE:PHM) has been given a $35.00 price target by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the construction company’s stock. Credit Suisse Group’s target price points to a potential upside of 22.04% from the stock’s previous close.

PHM has been the subject of several other reports. FBR & Co reiterated an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Citigroup Inc. lowered PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price objective for the company. in a research note on Friday. Finally, Wedbush reiterated a “neutral” rating and set a $22.00 price objective on shares of PulteGroup in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and an average price target of $26.18.

Shares of PulteGroup (NYSE PHM) traded up 2.80% during trading on Tuesday, hitting $28.68. 7,605,716 shares of the stock traded hands. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 15.87 and a beta of 1.06. PulteGroup has a 52 week low of $17.69 and a 52 week high of $28.92. The firm’s 50-day moving average price is $26.70 and its 200-day moving average price is $24.70.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that PulteGroup will post $2.06 earnings per share for the current year.

WARNING: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/24/credit-suisse-group-analysts-give-pultegroup-inc-phm-a-35-00-price-target.html.

A number of institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its holdings in PulteGroup by 0.4% in the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock valued at $302,000 after acquiring an additional 48 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in PulteGroup by 1.2% in the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after acquiring an additional 159 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in PulteGroup by 1.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock valued at $256,000 after acquiring an additional 172 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its holdings in PulteGroup by 0.4% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock valued at $971,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

About PulteGroup

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Analyst Recommendations for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.