Analyst Price Target Update on TRI Pointe Group (NYSE:TPH)

TRI Pointe Group (NYSE:TPH): The mean short term price target for TRI Pointe Group (NYSE:TPH) has been established at $14.92 per share. The higher price target estimate is at $17 and the lower price target estimate is expected at $13 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.91

Many analysts have stated their opinion on the company shares. Susquehanna initiates coverage on TRI Pointe Group (NYSE:TPH). Susquehanna has a Positive rating on the shares. The rating by the firm was issued on March 30, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director officer (Chief Executive Officer), of Tri Pointe Homes, Inc., Bauer Douglas F. had unloaded 80,000 shares at $15.2 per share in a transaction on July 1, 2015. The total value of transaction was $1,216,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

TRI Pointe Group (NYSE:TPH) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.34 points or 2.84% at $11.62 with 1,561,051 shares getting traded. Post opening the session at $11.86, the shares hit an intraday low of $11.6 and an intraday high of $12.06 and the price was in this range throughout the day. The company has a market cap of $1,883 million and the number of outstanding shares have been calculated to be 162,048,090 shares. The 52-week high of TRI Pointe Group (NYSE:TPH) is $16.15 and the 52-week low is $8.83.

TRI Pointe Group, Inc., formerly Tri Pointe Homes, Inc., is engaged in the design, construction and sale of single-family homes. The Companys operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29,718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.

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