D.R. Horton (DHI) : 14 analysts are covering D.R. Horton (DHI) and their average rating on the stock is 2.21, 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 (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 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
D.R. Horton (DHI) : 10 investment research analysts covering D.R. Horton (DHI) have an average price target of $33.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $28 for the short term. Analysts expect the variance to be within $3.81 of the average price.
Also, Bank of America downgrades their rating on the shares of D.R. Horton (NYSE:DHI). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 22, 2016.
D.R. Horton (NYSE:DHI): After opening at $30.11, the stock dipped to an intraday low of $29.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.57 and the buying power remained strong till the end. The stock closed at $30.47 for the day, a gain of 1.20% for the day session. The total traded volume was 4,008,110. The stocks close on the previous trading day was $30.11.
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.