D.R. Horton (DHI) – Analysts’ Recent Ratings Updates
D.R. Horton (NYSE: DHI) received a number of ratings updates from brokerages and research firms in the last week:
- D.R. Horton was downgraded by analysts at Barclays Capital from an “overweight” rating to an “equal weight” rating. They now have a $21.00 price target on the stock, up previously from $11.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
- D.R. Horton had its “sector perform” rating reaffirmed by analysts at RBC Capital. They now have a $26.00 price target on the stock.
- D.R. Horton was downgraded by analysts at Susquehanna to a “neutral” rating.
- D.R. Horton had its “neutral” rating reaffirmed by analysts at JPMorgan Chase. They now have a $20.00 price target on the stock.
- D.R. Horton had its price target raised by analysts at Citigroup from $19.00 to $25.00. They now have a “buy” rating on the stock. They wrote, “We estimate that DHI possesses ~$3.50 a share in midcycle earnings power and should not need to raise additional equity to fund working capital use associated with higher (normalized) revenues. The company exhibits greater operating leverage than peers (’99-’11 median: 19% vs. peer mean 17%), which positions it well to generate above average margins in a recovery. Similarly, the builder’s lower homebuilding net debt/capital and laser-like focus on cost controls, versus peers, provides it with: (1) dry powder for when new home sales/prices return to the norm, and (2) more cushion if new housing activity slips.”
Shares of D.R. Horton, Inc. opened at 22.00 on Friday. D.R. Horton, Inc. has a 52 week low of $8.99 and a 52 week high of $22.79. The company has a market cap of $7.024 billion and a P/E ratio of 8.29.
D.R. Horton, Inc. is a homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 25 states and 73 metropolitan markets of the United States, under the name of D.