Oppenheimer raised the price target for the PulteGroup Inc. (NYSE:PHM) stock to “a Perform”. The rating was released on January 19, 2023, according to finviz. We previously noted in another research note published on January 11, 2023 by BofA Securities that upgraded the stock from a Neutral to a Buy with a price target of $60 for PHM stock. The research report from Barclays has upgraded the stock from Equal Weight to Overweight, with a price target set at $58. In their research brief published September 19, 2022, KeyBanc Capital Markets analysts upgraded the PulteGroup Inc. stock from Sector Weight to Overweight with a price target of $47.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of PulteGroup Inc. (NYSE:PHM) raised 1.10% to close Tuesday’s market session at $51.62, higher as compared to yesterday’s close. The stock price fluctuated between $50.80 and $52.00 throughout the trading session with the volume trading being 1703821 shares, which represented a significant variation when compared to the three months average volume of 2.25 million shares. The firm’s stock price fluctuated 1.08% within the last five trades and 12.81% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 15.48% in the last 6 months and 37.69% was added to its value over the previous 3 months. PHM stock is trading at a margin of 6.99%, 12.66% and 21.16% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, PHM deals in the Consumer Cyclical domain. The stock is trading -5.65 percent below its 52-week high and 47.35 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 13.29. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does PulteGroup Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 18.70 percent and the profit margin is 14.10 percent, and the company has reported a gross margin of 29.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $11.64 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for PulteGroup Inc. (NYSE:PHM) is 5.18. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.25. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.75 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.46, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.69 percent of PulteGroup Inc. shares are owned by insiders, and 94.30 percent are held by financial institutions. Chadwick John J., the Exec VP & Chief Operating Ofcr at PulteGroup Inc. (PHM) has sold 15,090 shares of firm on Feb 28 at a price of $49.05 against the total amount of $0.74 million.