Evercore ISI Boosts PulteGroup (NYSE:PHM) Price Target to $143.00

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

A number of other analysts have also weighed in on PHM. Citigroup reduced their price objective on shares of PulteGroup from $135.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Bank of America reduced their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Oppenheimer reiterated an “outperform” rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.54.

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PulteGroup Trading Down 1.7%

NYSE PHM opened at $125.04 on Friday. PulteGroup has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $124.68 and its 200-day moving average price is $124.76. The stock has a market cap of $24.37 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.04 and a beta of 1.33.

Institutional Investors Weigh In On PulteGroup

Several institutional investors and hedge funds have recently modified their holdings of PHM. Rachor Investment Advisory Services LLC bought a new stake in PulteGroup in the 4th quarter valued at $31,000. Interchange Capital Partners LLC lifted its position in shares of PulteGroup by 19.8% in the fourth quarter. Interchange Capital Partners LLC now owns 4,264 shares of the construction company’s stock worth $500,000 after buying an additional 704 shares in the last quarter. Vest Financial LLC boosted its stake in PulteGroup by 12.0% during the fourth quarter. Vest Financial LLC now owns 465,170 shares of the construction company’s stock valued at $54,546,000 after buying an additional 49,765 shares during the last quarter. Certuity LLC grew its holdings in PulteGroup by 29.8% during the 4th quarter. Certuity LLC now owns 5,702 shares of the construction company’s stock valued at $669,000 after buying an additional 1,308 shares in the last quarter. Finally, Torren Management LLC purchased a new position in PulteGroup during the 4th quarter valued at approximately $219,000. Institutional investors own 89.90% of the company’s stock.

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PulteGroup Company Profile

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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.

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Analyst Recommendations for PulteGroup (NYSE:PHM)

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