Price Target Update on PulteGroup (NYSE:PHM)

PulteGroup (NYSE:PHM) stock is expected to deviate a maximum of $2.5 from the average target price of $20.29 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $25 and the most muted being $18.

Other Equity analysts have also commented on the company shares. Raymond James downgrades its rating on PulteGroup (NYSE:PHM). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 25, 2016.

PulteGroup (NYSE:PHM): stock turned positive on Thursday. Though the stock opened at $19.17, the bulls momentum made the stock top out at $19.18 level for the day. The stock recorded a low of $18.94 and closed the trading day at $19.16, in the green by 1.54%. The total traded volume for the day was 4,986,618. The stock had closed at $18.87 in the previous days trading.

The company shares have dropped -7.59% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $22.10 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.62 and the 200 Day Moving Average price is recorded at $17.80. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Pultegroup Inc/Mi/, Blair Bryce, had purchased 5,479 shares in a transaction dated on May 3, 2016. The transaction was executed at $18.18 per share with total amount equaling $99,608.

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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