Today RBC Capital Reaffirms a “Buy” Rating on PulteGroup (NYSE:PHM) and a $35.0 Target Price

February 21, 2018 - By Hazel Jackson

 Today RBC Capital Reaffirms a

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.15, from 0.91 in 2017Q2. It worsened, as 33 investors sold PulteGroup, Inc. shares while 187 reduced holdings. 46 funds opened positions while 121 raised stakes. 244.94 million shares or 1.98% less from 249.89 million shares in 2017Q2 were reported.

Deutsche Bancshares Ag stated it has 1.98M shares. Mutual Of America Mgmt accumulated 30,040 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 64,293 shares for 0.02% of their portfolio. Macquarie Grp Ltd reported 0% stake. California State Teachers Retirement System holds 0.03% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 485,142 shares. Estabrook Mngmt holds 5,775 shares. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in PulteGroup, Inc. (NYSE:PHM). Guardian Life Ins Of America, a New York-based fund reported 656 shares. Premier Asset Ltd Llc holds 2.56% or 417,885 shares. Virtus Investment Advisers reported 6,027 shares stake. Brown Advisory owns 0% invested in PulteGroup, Inc. (NYSE:PHM) for 13,101 shares. Mckinley Carter Wealth Serv Inc accumulated 10,428 shares or 0.11% of the stock. 2,048 are held by Sun Life. New England & reported 11,425 shares. 124,440 are held by Brinker.

Since October 26, 2017, it had 0 buys, and 2 selling transactions for $7.21 million activity. $3.15 million worth of PulteGroup, Inc. (NYSE:PHM) was sold by OShaughnessy Robert on Friday, December 8.

PulteGroup (NYSE:PHM) Rating Reaffirmed

They currently have a $35.0 target on PulteGroup (NYSE:PHM). The target price by RBC Capital would suggest a potential upside of 16.90 % from the company’s last close price. This has been released in a note on 14 November.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.15, from 0.91 in 2017Q2. It worsened, as 33 investors sold PulteGroup, Inc. shares while 187 reduced holdings. 46 funds opened positions while 121 raised stakes. 244.94 million shares or 1.98% less from 249.89 million shares in 2017Q2 were reported.

Deutsche Bancshares Ag stated it has 1.98M shares. Mutual Of America Mgmt accumulated 30,040 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 64,293 shares for 0.02% of their portfolio. Macquarie Grp Ltd reported 0% stake. California State Teachers Retirement System holds 0.03% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 485,142 shares. Estabrook Mngmt holds 5,775 shares. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in PulteGroup, Inc. (NYSE:PHM). Guardian Life Ins Of America, a New York-based fund reported 656 shares. Premier Asset Ltd Llc holds 2.56% or 417,885 shares. Virtus Investment Advisers reported 6,027 shares stake. Brown Advisory owns 0% invested in PulteGroup, Inc. (NYSE:PHM) for 13,101 shares. Mckinley Carter Wealth Serv Inc accumulated 10,428 shares or 0.11% of the stock. 2,048 are held by Sun Life. New England & reported 11,425 shares. 124,440 are held by Brinker.

Since October 26, 2017, it had 0 buys, and 2 selling transactions for $7.21 million activity. $3.15 million worth of PulteGroup, Inc. (NYSE:PHM) was sold by OShaughnessy Robert on Friday, December 8.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 22 analysts covering PulteGroup (NYSE:PHM), 7 have Buy rating, 2 Sell and 13 Hold. Therefore 32% are positive. PulteGroup has $41.0 highest and $15 lowest target. $29.93’s average target is -0.03% below currents $29.94 stock price. PulteGroup had 67 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by Susquehanna on Thursday, January 4 with “Hold”. The rating was initiated by Barclays Capital on Friday, January 6 with “Overweight”. On Thursday, September 29 the stock rating was initiated by Wells Fargo with “Market Perform”. As per Wednesday, July 26, the company rating was downgraded by Susquehanna. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, September 26. The firm has “Sell” rating given on Friday, October 20 by Citigroup. The company was maintained on Monday, September 25 by RBC Capital Markets. The company was maintained on Tuesday, October 31 by KeyBanc Capital Markets. The firm has “Buy” rating given on Friday, January 27 by Bank of America. The rating was maintained by RBC Capital Markets on Tuesday, November 14 with “Buy”.

The stock increased 1.59% or $0.47 during the last trading session, reaching $29.94. About 2.90M shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since February 21, 2017 and is uptrending. It has outperformed by 13.32% the S&P500.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on April, 24. They expect $0.44 earnings per share, up 41.94 % or $0.13 from last year’s $0.31 per share. PHM’s profit will be $126.05M for 17.01 P/E if the $0.44 EPS becomes a reality. After $0.85 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts -48.24 % negative EPS growth.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $8.58 billion. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It has a 20.75 P/E ratio. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Globenewswire.com, which released: “PulteGroup Announces $500 Million Increase to Share Repurchase Plan” on January 30, 2018. Nasdaq.com‘s article titled: “PulteGroup, Inc. Q4 Profit Climbs” and published on January 30, 2018 is yet another important article.

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