PulteGroup (PHM) has been on a rollercoaster ride, with some promising highs and concerning lows. The company has seen a consistent
uptick of 0.8% since its last Earnings Report, gaining
Wall Street's bullish views amidst varied analyst recommendations that still lean towards a
Moderate Buy. Brokerages have moved to set PHM's PT at
$111.73, indicating a potential surge. However,
homebuilding stocks like PulteGroup have suffered underperformance due to mixed earnings. Despite this, investors are postulating undervaluation as
International Assets Investment Management and
QRG Capital Management Inc procure shares in PHM. Forecasts claim PHM is likely to earn
$12.56 per share by FY2024 which, despite lagging behind the general market, is indicative of a promising momentum streak for the long term. In contrast,
Swiss National Bank and Dimensional Fund Advisors LP have reduced their stakes in PHM. PulteGroups' CEO has emphasised a
'structural shortage' of homes in the US, which could be a significant boon for the company. Additionally, a new partnership with SPAN promises electrified home building, potentially driving innovation and shifting the market landscape. Nonetheless, investors are cautioned to not overlook the company's impressive Return on Capital and to track its Earnings Reports and financial performance diligently.
Pultegroup PHM News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Wed, 15 May 2024 12:18:13 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor -4
