D.R. Horton (DHI) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $28. The average forecast of all the analysts is $33.75 and the expected standard deviation is $3.81.
D.R. Horton (DHI) : 14 analysts are covering D.R. Horton (DHI) and their average rating on the stock is 2.36, 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of D.R. Horton (NYSE:DHI). Bank of America has a Neutral rating on the shares. 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): The stock opened at $32.11 on Thursday but the bulls could not build on the opening and the stock topped out at $32.22 for the day. The stock traded down to $31.47 during the day, due to lack of any buying support eventually closed down at $31.56 with a loss of -1.56% for the day. The stock had closed at $32.06 on the previous day. The total traded volume was 3,592,069 shares.
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.