PulteGroup with ticker code (PHM) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 86 and 52 with the average target price sitting at 65.58. With the stocks previous close at 49.28 this would imply there is a potential upside of 33.1%. The 50 day moving average now sits at 53.37 and the 200 day moving average is 52.69. The company has a market capitalisation of $12,140m. Visit the company website at: https://www.pultegroup.com
The potential market cap would be $16,156m 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.
