PulteGroup (PHM) Receives ‘Analyst’ Rating

PulteGroup (PHM) : Zacks Investment Research ranks PulteGroup (PHM) as 1, which is a Strong Buy recommendation. 2 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 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.43, which indicates as a Buy.

PulteGroup (PHM) : The highest level PulteGroup (PHM) is projected to reach is $27 for the short term and the lowest estimate is at $22. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $25 and the possibility the share price can swing is $2.


Also, Deutsche Bank upgrades their rating on the shares of PulteGroup (NYSE:PHM). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 25, 2016.

PulteGroup (NYSE:PHM): After opening at $19.87, the stock dipped to an intraday low of $19.76 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $20.09 and the buying power remained strong till the end. The stock closed at $19.99 for the day, a gain of 0.55% for the day session. The total traded volume was 2,662,382. The stocks close on the previous trading day was $19.88.

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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