Tri Pointe Homes with ticker code (TPH) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 38 and 28 calculating the average target price we see 31.71. Given that the stocks previous close was at 22.48 this would imply there is a potential upside of 41.1%. The 50 day MA is 25.65 and the 200 day moving average is 23.82. The market capitalisation for the company is $2,487m. Visit the company website at: https://www.tripointehomes.com
The potential market cap would be $3,509m based on the market concensus.
Tri Pointe Homes engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands, 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, Virginia, and the District of Columbia. As of December 31, 2020, its operations consisted of 112 active selling communities and 35,641 owned or controlled lots. 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 formerly known as TRI Pointe Group and changed its name to Tri Pointe Homes in January 2021. Tri Pointe Homes was founded in 2009 and is headquartered in Irvine, California.
