Citigroup raised the price target for the PulteGroup Inc (NYSE:PHM) stock from “a Buy” to “a Neutral”. The rating was released on January 08, 2024, according to finviz. We previously noted in another research note published on January 04, 2024 by UBS that downgraded the stock from a Buy to a Neutral with a price target of $120 for PHM stock. The research report from Jefferies has initiated the stock to Buy, with a price target set at $107. The stock was initiated by Wells Fargo, who disclosed in a research note on October 17, 2023, to Overweight and set the price objective to $80. In their research brief published July 14, 2023, Raymond James analysts upgraded the PulteGroup Inc stock from Mkt Perform to Outperform with a price target of $93.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $3.28 during the last quarter as opposed to a consensus estimate of $3.22, which indicates the company beat its estimate by $0.06, which implies that the company surprised the market by 1.90%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $2.36. This is an average of 17 analysts’ earnings, where the high earnings per share estimate is $2.49 and the low earnings per share estimate is $2.28. According to 14 analyst estimates, an average revenue estimate of $3.58B is projected for the current quarter with a high revenue estimate of $3.67B and a low estimate of $3.49B.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 5.78% within the last five trades and 12.01% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 51.81% in the last 6 months and 12.75% was added to its value over the previous 3 months. PHM stock is trading at a margin of 5.39%, 8.78% and 31.65% 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 0.75 percent below its 52-week high and 110.03 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 103.6. 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 21.15 percent and the profit margin is 16.14 percent, and the company has reported a gross margin of 29.32 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 $24.62 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 9.89. 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 8.97. 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 1.53 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.38, 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, 0.73 percent of PulteGroup Inc shares are owned by insiders, and 93.35 percent are held by financial institutions. O’Meara Brien P., the Vice President & Controller at PulteGroup Inc (PHM) has sold 2,000 shares of firm on Feb 06 ’24 at a price of $103.09 against the total amount of $0.21 million. In another inside trade, Snyder Lila, Director of PulteGroup Inc (NYSE:PHM) sold 4,000 shares of the firm on Aug 03 ’23 for a total worth of $0.32 million at a price of $80.73. An inside trade which took place on Apr 28 ’23, Exec. VP & CFO of PulteGroup Inc OShaughnessy Robert sold 115,102 shares of firm against total price of $7.7 million at the cost of $66.90 per share.
