PulteGroup with ticker code (PHM) have now 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 86 and 52 with a mean TP of 65.58. Given that the stocks previous close was at 54.4 this now indicates there is a potential upside of 20.6%. The 50 day moving average now sits at 53.88 and the 200 day moving average is 53.08. The market capitalisation for the company is $13,378m. You can visit the company’s website by visiting: https://www.pultegroup.com
The potential market cap would be $16,128m based on the market concensus.
PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2020, the company controlled 180,352 lots, of which 91,363 were owned and 88,989 were under land option agreements. It also arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup has a strategic relationship with Invitation Homes Inc. The company was formerly known as Pulte Homes and changed its name to PulteGroup in March 2010. PulteGroup was founded in 1950 and is headquartered in Atlanta, Georgia.
