PulteGroup (PHM) Receives Price Target

PulteGroup (PHM) : The consensus price target for PulteGroup (PHM) is $25 for the short term with a standard deviation of $2. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $27, however, the pessimist price target for the company is $22.

PulteGroup (PHM) : The consensus on PulteGroup (PHM) based on 7 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on PulteGroup (PHM).


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, upgrades their rating on the shares of PulteGroup (NYSE:PHM). Deutsche Bank has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 25, 2016.

PulteGroup (NYSE:PHM): The stock opened at $21.40 on Thursday but the bulls could not build on the opening and the stock topped out at $21.56 for the day. The stock traded down to $21.04 during the day, due to lack of any buying support eventually closed down at $21.10 with a loss of -1.26% for the day. The stock had closed at $21.37 on the previous day. The total traded volume was 4,443,093 shares.

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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