A share price of Tri Pointe Homes Inc. [TPH] is currently trading at $45.40, down -2.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The TPH shares have gain 2.74% over the last week, with a monthly amount glided 20.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tri Pointe Homes Inc. [NYSE: TPH] stock has seen the most recent analyst activity on March 13, 2024, when RBC Capital Mkts upgraded its rating to a Outperform but kept the price target unchanged to $38 for it. Previously, Wedbush downgraded its rating to Neutral on December 18, 2023, and kept the price target unchanged to $32. On September 07, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $36 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $38 on August 07, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $42 as its price target on June 01, 2023. In a note dated June 16, 2022, B. Riley Securities downgraded an Neutral rating on this stock and revised its target price from $26 to $20.
Tri Pointe Homes Inc. experienced fluctuations in its stock price throughout the past year between $24.18 and $46.84. Currently, Wall Street analysts expect the stock to reach $28.5 within the next 12 months. Tri Pointe Homes Inc. [NYSE: TPH] shares were valued at $45.40 at the most recent close of the market. An investor can expect a potential drop of -37.22% based on the average TPH price forecast.
Analyzing the TPH fundamentals
Trailing Twelve Months sales for Tri Pointe Homes Inc. [NYSE:TPH] were 3.87B which represents 20.49% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
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 44.80 points at the first support level, and at 44.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.57, and for the 2nd resistance point, it is at 47.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tri Pointe Homes Inc. [NYSE:TPH] is 13.03. On the other hand, the Quick Ratio is 3.10, and the Cash Ratio is 2.74. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 12.07.
Transactions by insiders
Recent insider trading involved BAUER DOUGLAS F., Chief Executive Officer, that happened on May 10 ’24 when 10723.0 shares were sold. Chief Executive Officer, BAUER DOUGLAS F. completed a deal on May 09 ’24 to sell 56567.0 shares. Meanwhile, President and COO MITCHELL THOMAS J. sold 51533.0 shares on Mar 13 ’24.
