Analyst Rating Update on D.R. Horton (DHI)

D.R. Horton (DHI) : The consensus on D.R. Horton (DHI) based on 16 analyst recommendation on the company stock is 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

D.R. Horton (DHI) : 11 Wall Street analysts covering D.R. Horton (DHI) believe that the average level the stock could reach for the short term is $33.68. The maximum price target given is $39 and the minimum target for short term is around $28, hence the standard deviation is calculated at $3.62.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Bank of America downgrades its rating on D.R. Horton (NYSE:DHI). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 22, 2016.


D.R. Horton (NYSE:DHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.93 and $31.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.29, notching a gain of 0.62% for the day. The total traded volume was 3,508,914 . The stock had closed at $32.09 on the previous day.

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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