PulteGroup found using ticker (PHM) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 83 and 54 with the average target price sitting at 66.08. With the stocks previous close at 56.74 this is indicating there is a potential upside of 16.5%. The day 50 moving average is 50.23 and the 200 moving average now moves to 43.82. The market capitalisation for the company is $12,613m. You can visit the company’s website by visiting: https://www.pultegroup.com
The potential market cap would be $14,689m based on the market concensus.
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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, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,264 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. The company was founded in 1950 and is headquartered in Atlanta, Georgia.
