Zacks.com users have recently been watching PulteGroup (PHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, PulteGroup (PHM) closed at $102.80, indicating a +1.04% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The latest trading day saw PulteGroup (PHM) settling at $105.32, representing a -0.5% change from its previous close.
PulteGroup (PHM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
PulteGroup's shares are undervalued at 8.2x trailing earnings, offering a strong investment opportunity with a robust balance sheet and financial flexibility. The company delivered strong quarterly results, beating revenue and EPS estimates, with a significant increase in home sale revenues and a healthy buyer mix. PulteGroup's financial health is solid, with $1.7 billion in cash, low debt levels, and investment-grade ratings, supporting ongoing buybacks and dividends.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Seaport Global analyst Kenneth Zener upgraded PulteGroup PHM from Sell to Neutral and announced a price forecast of $100.
In the most recent trading session, PulteGroup (PHM) closed at $102.90, indicating a +0.85% shift from the previous trading day.
PHM's new Del Webb Explore brand targets Gen X buyers seeking luxury resort-style communities.
In the closing of the recent trading day, PulteGroup (PHM) stood at $104.45, denoting a -1.68% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to PulteGroup (PHM). This makes it worthwhile to examine what the stock has in store.