On Oct 24, major Wall Street analysts update their ratings for $PulteGroup (PHM.US)$, with price targets ranging from $150 to $195.
BofA Securities analyst Rafe Jadrosich maintains with a buy rating, and maintains the target price at $150.
Barclays analyst Matthew Bouley maintains with a buy rating, and maintains the target price at $150.
Evercore analyst Stephen Kim maintains with a buy rating, and adjusts the target price from $198 to $195.
Oppenheimer analyst Tyler Batory maintains with a buy rating, and adjusts the target price from $168 to $165.
BTIG analyst Carl Reichardt maintains with a buy rating, and adjusts the target price from $139 to $156.
Furthermore, according to the comprehensive report, the opinions of $PulteGroup (PHM.US)$'s main analysts recently are as follows:
Analysts observed that PulteGroup's earnings per share exceeded expectations, though the guidance for Q4 gross margin was underwhelming. The company's management cited increased incentive activities and a shift in product mix as factors for the lowered expectations. It's anticipated that this pattern may emerge with other builders' earnings announcements in the coming weeks. Despite PulteGroup's attractive long-term prospects, the stock may face short-term headwinds as investors consider potential challenges to gross margin trends.
PulteGroup's Q3 earnings surpassed expectations due to improved delivery volumes, marginally increased average selling prices, enhanced financial services income, and a reduced tax rate, although this was somewhat counterbalanced by a slightly lower operating margin than anticipated.
Here are the latest investment ratings and price targets for $PulteGroup (PHM.US)$ from 5 analysts:
Note:
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