D.R. Horton (DHI) : Analyst Rating Update

D.R. Horton (DHI) : Zacks Investment Research ranks D.R. Horton (DHI) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.31, which indicates as a Buy.

D.R. Horton (DHI) : 11 investment research analysts covering D.R. Horton (DHI) have an average price target of $32.77 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $24 for the short term. Analysts expect the variance to be within $4 of the average price.

D.R. Horton (NYSE:DHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.51 and $31.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.71, notching a gain of 2.96% for the day. The total traded volume was 6,325,738 . The stock had closed at $31.77 on the previous day.

Also, Argus Research initiates coverage on D.R. Horton (NYSE:DHI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research announces a current price target of $39 per share. The rating by the firm was issued on June 17, 2016. The company shares have rallied 15.32% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $33.10 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $30.69 and the 200 Day Moving Average price is recorded at $29.26.

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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