Brokerage Firm Rating Update on D.R. Horton (DHI)

D.R. Horton (DHI) : 14 analysts are covering D.R. Horton (DHI) and their average rating on the stock is 2.36, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. D.R. Horton (DHI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

D.R. Horton (DHI) : The highest level D.R. Horton (DHI) is projected to reach is $39 for the short term and the lowest estimate is at $28. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $33.75 and the possibility the share price can swing is $3.81.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Bank of America downgrades its outlook on D.R. Horton (NYSE:DHI). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 22, 2016.

D.R. Horton (NYSE:DHI): The stock opened at $31.41 and touched an intraday high of $32.19 on Wednesday. During the day, the stock corrected to an intraday low of $31.41, however, the bulls stepped in and pushed the price higher to close in the green at $32.02 with a gain of 1.81% for the day. The total traded volume for the day was 3,308,360. The stock had closed at $31.45 in the previous trading session.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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