Analyst Rating Update on PulteGroup (PHM)

PulteGroup (PHM) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.

PulteGroup (PHM) : 7 investment research analysts covering PulteGroup (PHM) have an average price target of $24.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $27 and the lowest target is $18 for the short term. Analysts expect the variance to be within $3.18 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Deutsche Bank upgrades its rating on PulteGroup (NYSE:PHM). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 25, 2016.


PulteGroup (NYSE:PHM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.91 and $20.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.01, notching a gain of 0.29% for the day. The total traded volume was 4,516,215 . The stock had closed at $20.95 on the previous day.

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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