Short Term Price Target on PulteGroup (PHM)

PulteGroup (NYSE:PHM) : The highest level PulteGroup (NYSE:PHM) is projected to reach is $25 for the short term and the lowest estimate is at $18. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $20.29 and the possibility the share price can swing is $2.5.

Shares of PulteGroup, Inc. rose by 1.72% in the last five trading days and 3.79% for the last 4 weeks. PulteGroup, Inc. is up 6.32% in the last 3-month period. Year-to-Date the stock performance stands at 10.45%. Also, Equity Analysts at the Brokerage Firm, Raymond James, downgrades their rating on the shares of PulteGroup (NYSE:PHM). Raymond James has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 25, 2016.

PulteGroup (NYSE:PHM) : 1 brokerage houses believe that PulteGroup (NYSE:PHM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PulteGroup (NYSE:PHM). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.78.

PulteGroup (NYSE:PHM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.07 and $18.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.49, notching a gain of 2.58% for the day. The total traded volume was 4,903,284 . The stock had closed at $19.00 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Pultegroup Inc/Mi/, Blair Bryce had purchased shares worth of $99,608 in a transaction dated on May 3, 2016. A total of 5,479 shares were purchased at a price of $18.18 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes. It has delivered approximately 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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