Short Term Price Target on D.R. Horton (DHI)

D.R. Horton (NYSE:DHI) : 11 investment research analysts covering D.R. Horton (NYSE:DHI) have an average price target of $32.77 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $24 for the short term. Analysts expect the variance to be within $4 of the average price.

Shares of DR Horton Inc. rose by 0.61% in the last five trading days and 1.94% for the last 4 weeks. DR Horton Inc. is up 3.83% in the last 3-month period. Year-to-Date the stock performance stands at -1.15%. Also, Argus Research initiates coverage on D.R. Horton (NYSE:DHI) In a research note issued to the investors, the brokerage major announces price-target of $39 per share.The shares have been rated Buy. The rating by the firm was issued on June 17, 2016.

D.R. Horton (NYSE:DHI) : 16 analysts are covering D.R. Horton (NYSE:DHI) and their average rating on the stock is 2.31, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. D.R. Horton (NYSE:DHI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

D.R. Horton (NYSE:DHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.05 and $30.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.48, notching a gain of 1.61% for the day. The total traded volume was 3,494,284 . The stock had closed at $30.98 on the previous day.

In an insider trading activity,The officer (EVP and COO) of Horton D R Inc /De/, Murray Michael J sold 2,944 shares at $30.34 on May 2, 2016. The Insider selling transaction had a total value worth of $89,321. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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