TRI Pointe Group with ticker code (TPH) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 28 and 17.5 with a mean TP of 23.64. With the stocks previous close at 17.18 this now indicates there is a potential upside of 37.6%. There is a 50 day moving average of 17.81 and the 200 moving average now moves to 15.93. The market capitalisation for the company is $2,214m. You can visit the company’s website by visiting: http://www.tripointegroup.com
The potential market cap would be $3,047m based on the market concensus.
TRI Pointe Group engages in the design, construction, and sale of single-family detached and attached homes in the United States. The company operates a portfolio of six brands across ten states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado and the Carolinas; and Winchester Homes in Maryland and Virginia. As of December 31, 2019, its operations consisted of 137 active selling communities and 30,029 lots owned or controlled. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was founded in 2009 and is headquartered in Irvine, California.
