PulteGroup (PHM) has had an eventful period highlighting numerous value stock attributes. The company managed to beat profit estimates, with Q3 revenues also surpassing estimates. Experts believe this market performance is stimulated by the low mortgage rates that have bolstered
housing demand. It defied market negative trends by gaining, even when the overall market dipped. Despite the prime financial performance, the company's stock showed a slight dip after Q3 earnings due to a narrow gross margin. Some brokers have advocated investing in PHM, noting its recent short interest details. Wall Street estimates for key metrics for the company's Q3 outlook have also been unveiled, with the firm's EPS surging to $3.35 in Q3.
RBC Capital maintains
PHM's Sector Perform recommendation, with BTIG Research increasing PulteGroup's price target to $156.00. However, the stock has been lowered to $165 from $168 at Oppenheimer, while PulteGroup's low P/E ratio has been reviewed as either a hidden gem or a risky bet. The company's Q2 revenues and earnings estimates were beat, and investors respond favorably to these outcomes.
Pultegroup PHM News Analytics from Fri, 05 Apr 2024 07:00:00 GMT to Fri, 25 Oct 2024 21:42:41 GMT -
Rating 9
- Innovation 2
- Information 7
- Rumor -3
