PulteGroup (PHM) : Zacks Investment Research ranks PulteGroup (PHM) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.33, which indicates as a Buy.
PulteGroup (PHM) : The most positive equity analysts on PulteGroup (PHM) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $24.14 with an expected fluctuation of $3.18 from the mean.
Company shares have received an average consensus rating of Hold for the current week PulteGroup (NYSE:PHM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.33 and $21.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.39, notching a gain of 0.80% for the day. The total traded volume was 2,310,461 . The stock had closed at $21.22 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Operating Officer) of Pultegroup Inc/Mi/, Smith Harmon D had sold 53,582 shares worth of $1,181,483 in a transaction dated July 26, 2016. In this transaction, 53,582 shares were sold at $22.05 per share.
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.