PulteGroup (NYSE:PHM) Given New $143.00 Price Target at Evercore ISI

PulteGroup (NYSE:PHMGet Free Report) had its price target raised by equities researchers at Evercore ISI from $134.00 to $143.00 in a report released on Friday,MarketScreener reports. Evercore ISI’s target price would suggest a potential upside of 14.36% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a report on Tuesday, October 21st. Oppenheimer reiterated an “outperform” rating and set a $149.00 target price (up previously from $140.00) on shares of PulteGroup in a research report on Friday. Wells Fargo & Company upped their target price on PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Barclays set a $115.00 price target on PulteGroup in a report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.54.

Check Out Our Latest Research Report on PulteGroup

PulteGroup Price Performance

Shares of PHM stock opened at $125.04 on Friday. PulteGroup has a 12 month low of $88.07 and a 12 month high of $142.11. The firm’s 50-day moving average is $124.68 and its two-hundred day moving average is $124.64. The company has a market capitalization of $24.37 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup during the fourth quarter valued at approximately $31,000. Interchange Capital Partners LLC increased its position in shares of PulteGroup by 19.8% in the 4th quarter. Interchange Capital Partners LLC now owns 4,264 shares of the construction company’s stock valued at $500,000 after buying an additional 704 shares in the last quarter. Vest Financial LLC raised its stake in PulteGroup by 12.0% during the 4th quarter. Vest Financial LLC now owns 465,170 shares of the construction company’s stock worth $54,546,000 after buying an additional 49,765 shares during the period. Certuity LLC lifted its position in PulteGroup by 29.8% in the 4th quarter. Certuity LLC now owns 5,702 shares of the construction company’s stock valued at $669,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of PulteGroup in the 4th quarter valued at about $219,000. 89.90% of the stock is owned by institutional investors.

Key PulteGroup News

Here are the key news stories impacting PulteGroup this week:

About PulteGroup

(Get Free Report)

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.

Further Reading

Analyst Recommendations for PulteGroup (NYSE:PHM)

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