TRI Pointe Group (TPH) Receives Price Target

TRI Pointe Group (TPH) stock is expected to deviate a maximum of $2.19 from the average target price of $15.9 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $13.

TRI Pointe Group (TPH) : Zacks Investment Research ranks TRI Pointe Group (TPH) as 1, which is a Strong Buy recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 6 research analysts is 1, which indicates as a Strong Buy.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of TRI Pointe Group (NYSE:TPH). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $17 per share from a prior target of $15. The rating by the firm was issued on July 29, 2016.

TRI Pointe Group (NYSE:TPH): The stock opened at $13.58 on Thursday but the bulls could not build on the opening and the stock topped out at $13.67 for the day. The stock traded down to $13.27 during the day, due to lack of any buying support eventually closed down at $13.37 with a loss of -1.40% for the day. The stock had closed at $13.56 on the previous day. The total traded volume was 1,226,451 shares.

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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