PulteGroup (PHM) : Analyst Rating Update

PulteGroup (PHM) : Zacks Investment Research ranks PulteGroup (PHM) as 3, which is a Hold recommendation. 1 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. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.78, which indicates as a Hold.

PulteGroup (PHM) : The highest level PulteGroup (PHM) is projected to reach is $25 for the short term and the lowest estimate is at $18. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $20.29 and the possibility the share price can swing is $2.5.

PulteGroup (NYSE:PHM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.19 and $19.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.66, notching a gain of 2.02% for the day. The total traded volume was 4,253,489 . The stock had closed at $19.27 on the previous day.

Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on PulteGroup (NYSE:PHM). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on April 25, 2016. The company shares have dropped -5.77% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $22.10 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.80 and the 200 Day Moving Average price is recorded at $17.85.

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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