PulteGroup with ticker code (PHM) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 63 and 41 with the average target price sitting at 51.17. With the stocks previous close at 39 this would indicate that there is a potential upside of 31.2%. The 50 day MA is 40.89 while the 200 day moving average is 44.56. The market capitalisation for the company is $8,994m. You can visit the company’s website by visiting: https://www.pultegroup.com
The potential market cap would be $11,800m based on the market concensus.
PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, 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, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company 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 was formerly known as Pulte Homes and changed its name to PulteGroup in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.
