Tri Pointe Homes found using ticker (TPH) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 38 and 24 and has a mean target at 31. Given that the stocks previous close was at 21.34 this is indicating there is a potential upside of 45.3%. The day 50 moving average is 24.74 and the 200 day moving average is 23.7. The market capitalisation for the company is $2,366m. You can visit the company’s website by visiting: https://www.tripointehomes.com
The potential market cap would be $3,437m 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 comprising 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, 2021, its operations consisted of 112 active selling communities and 41,675 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.
