D.R. Horton (DHI) : 16 analysts are covering D.R. Horton (DHI) and their average rating on the stock is 2.44, which is read as a Buy. 5 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 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
D.R. Horton (DHI) : The most positive equity analysts on D.R. Horton (DHI) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $33.68 with an expected fluctuation of $3.62 from the mean.
Company shares have received an average consensus rating of Hold for the current week D.R. Horton (NYSE:DHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.29 and $32.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.35, notching a gain of 0.59% for the day. The total traded volume was 2,530,822 . The stock had closed at $32.16 on the previous day.
In a related news, The director, of Horton D R Inc /De/, Buchanan Michael R had unloaded 12,000 shares at $33.8 per share in a transaction on July 25, 2016. The total value of transaction was $405,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.