PulteGroup Inc [PHM] stock prices are up 0.44% to $106.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PHM shares have gain 4.68% over the last week, with a monthly amount glided 1.02%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Pulte Homes Unveils Latest Addition of Boston-Area Residences. In a post published today on Yahoo Finance, Rookery Lane at Concord Showcases a Blend of Single-Family and Attached Homes.
From an analyst’s perspective:
PulteGroup Inc [NYSE: PHM] stock has seen the most recent analyst activity on January 08, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $113 from $87. Previously, UBS downgraded its rating to Neutral on January 04, 2024, and elevated its price target to $120. On November 27, 2023, Jefferies initiated with a Buy rating and assigned a price target of $107 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $80 on October 17, 2023. Raymond James upgraded its rating to a Outperform but $93 remained the price target by the analyst firm on July 14, 2023. Deutsche Bank started tracking with a Buy rating for this stock on June 01, 2023, and assigned it a price target of $95. In a note dated March 22, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $64.
The stock price of PulteGroup Inc [PHM] has been fluctuating between $52.24 and $110.75 over the past year. Currently, Wall Street analysts expect the stock to reach $61.85 within the next 12 months. PulteGroup Inc [NYSE: PHM] shares were valued at $106.20 at the most recent close of the market. An investor can expect a potential drop of -41.76% based on the average PHM price forecast.
Analyzing the PHM fundamentals
The PulteGroup Inc [NYSE:PHM] reported sales of 16.06B for trailing twelve months, representing a drop of -16.97%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 105.55 points at the first support level, and at 104.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.02, and for the 2nd resistance point, it is at 107.84.
PulteGroup Inc [PHM] reported earnings per share of $3.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.22/share, meaning a difference of $0.06 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.9 per share as compared to estimates of $2.84 per share, a difference of $0.06 representing a surprise of 2.10%.
Ratios To Look Out For
It’s worth pointing out that PulteGroup Inc [NYSE:PHM]’s Current Ratio is 4.87. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 2.17 and price to earnings (TTM) ratio is 9.05.
Transactions by insiders
Recent insider trading involved O’Meara Brien P., Vice President & Controller, that happened on Feb 06 when 2000.0 shares were sold. Director, Snyder Lila completed a deal on Aug 03 to sell 4000.0 shares. Meanwhile, Exec. VP & CFO OShaughnessy Robert sold 0.12 million shares on Apr 28.
