RBC Capital analyst Michael Dahl maintains $Tri Pointe Homes (TPH.US)$ with a buy rating, and adjusts the target price from $48 to $45.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tri Pointe Homes (TPH.US)$'s main analysts recently are as follows:
The company's Q3 order did not meet expectations, however, its gross margins are projected to stay strong until the end of 2024. There is a possibility that increased incentives may affect results in the first half of 2025.
TRI Pointe presents a compelling narrative with its strategy to expand in the market, emphasis on acquiring land in prime areas, and a distinctive range of products. Although the growth forecast for earnings per share in 2025 might not be as strong as that for 2024, projections still indicate a moderate single-digit increase, which might prove to be a cautious estimate.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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