Strong Momentum In Homebuilding Industry: Raymond James' Take On Upgraded Ratings And Increased Price Targets
Strong Momentum In Homebuilding Industry: Raymond James' Take On Upgraded Ratings And Increased Price Targets
Raymond James analyst Buck Horne raised the rating on several homebuilding stocks, given his bullish stance on homebuilding industry growth.
雷蒙德·詹姆 分析師巴克·霍恩（Buck Horne）鑑於他對房屋建築行業增長的看漲立場，提高了對幾隻房屋建築股票的評級。
Industry metrics: The analyst is upbeat on substantial homebuilders' YTD stock performance and surprising declines in existing home inventory to just 1.1 million listings (-6% y/y) on the supply deficit of single-family homes relative to demand.
行業指標：分析師對房屋建築商年初至今的強勁股票表現持樂觀態度，以及由於單戶住宅相對於需求的供應短缺，現有房屋庫存出人意料地下降至僅110萬套（同比下降6％）。
Although mortgage rates are up 7%, the analyst sees buyers willing to accept current rates given the scarcity of move-in ready inventory.
儘管抵押貸款利率上漲了7％，但分析師認爲，鑑於可入住的庫存稀缺，買家願意接受當前的利率。
Also, homebuilders are aiming to gain market share from the re-sale market as existing homeowners are not looking to leave their cheap mortgages.
此外，房屋建築商的目標是從轉售市場中獲得市場份額，因爲現有房主不希望退出廉價的抵押貸款。
Hence, Horne expects existing home inventory to remain challenging this year.
因此，霍恩預計，今年的現有房屋庫存仍將面臨挑戰。
The analyst expects the homebuilder companies to see strong momentum into H2 FY23, followed by continued strong sales growth through June, paving the way for potential upward EPS revisions.
分析師預計，房屋建築商公司將在2013財年下半年看到強勁的勢頭，隨後在6月之前的銷售額將持續強勁增長，爲潛在的每股收益上調鋪平道路。
The analyst notes recent data indicating homebuilders attracting significantly higher-income households into their communities and attracting luxury buyers.
分析師指出，最近的數據表明，房屋建築商吸引了收入明顯較高的家庭進入他們的社區，並吸引了奢侈品買家。
Rating Upgrades: Horne upgraded the rating on Toll Brothers Inc (NYSE:TOL) to Strong Buy from Outperform at an increased price target of $100 (from $77).
評分升級： Horne 將評級提高了 托爾兄弟公司 紐約證券交易所代碼：TOL）從跑贏大盤轉爲強勢買入，目標股價從77美元上調至100美元。
Also, the analyst raised the rating to Outperform from Market Perform for Lennar Corp (NYSE:LEN) at a price target of $150, PulteGroup Inc (NYSE:PHM) at a price target of $93, M.D.C. Holdings Inc (NYSE:MDC) at a price target of $55 and KB Home (NYSE:KBH) at a price target of $61
此外，分析師將該評級從市場表現上調至表現跑贏大盤 倫納爾公司 (紐約證券交易所代碼：LEN) 的目標股價爲150美元， 普爾特集團公司 紐約證券交易所代碼：PHM）的目標股價爲93美元， M.D.C. 控股公司 （紐約證券交易所代碼：MDC）的目標股價爲55美元， KB 主頁 (紐約證券交易所代碼：KBH) 的目標股價爲61美元
Raised EPS Estimates: The analyst raised the EPS estimate for DHI to $10.96 (from $10.63 vs. consensus: $10.74) for 2023 and $13.20 (from $12.70 vs. consensus: $11.96) for 2024.
提高每股收益預期： 分析師提出道指2023年的每股收益估計爲10.96美元（從10.63美元兌共識：10.74美元），2024年的每股收益估計爲13.20美元（從12.70美元對共識：11.96美元）。
For PHM, the EPS estimate was increased to $9.35 (from $9.00, consensus: $9.53) for 2023 and $10.35 (from $10.00, consensus: $9.33) for 2024.
對於PHM，2023年的每股收益估計值提高到9.35美元（從9.00美元，共識：9.53美元）和2024年的10.35美元（從10.00美元，共識：9.33美元）。
For KBH, the EPS estimate was raised to $6.15 (from $5.20, consensus: $6.45) for 2023 and $7.15 (from $6.25, consensus: $7.02) for 2024.
對於KBH而言，2023年的每股收益估計值上調至6.15美元（從5.20美元，共識：6.45美元），2024年的7.15美元（從6.25美元，共識：7.02美元）。
For MDC, the EPS estimate was increased to $3.85 (from $3.70, consensus: $3.60) for 2023 and $4.80 (from $4.65, consensus: $3.88).
對於MDC，2023年的每股收益估計值提高到3.85美元（從3.70美元，共識：3.60美元）和4.80美元（從4.65美元，共識：3.88美元）。
譯文內容由第三人軟體翻譯。