Brokerage Firm Rating Update on PulteGroup (PHM)

PulteGroup (PHM) : 7 analysts are covering PulteGroup (PHM) and their average rating on the stock is 2.43, which is read as a Buy. 2 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. PulteGroup (PHM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PulteGroup (PHM) : The highest level PulteGroup (PHM) is projected to reach is $27 for the short term and the lowest estimate is at $22. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $25 and the possibility the share price can swing is $2.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on PulteGroup (NYSE:PHM). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 25, 2016.

PulteGroup (NYSE:PHM): The stock opened at $20.8 and touched an intraday high of $21.14 on Wednesday. During the day, the stock corrected to an intraday low of $20.8, however, the bulls stepped in and pushed the price higher to close in the green at $21.08 with a gain of 1.15% for the day. The total traded volume for the day was 2,809,205. The stock had closed at $20.84 in the previous trading session.

PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes. It has delivered approximately 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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