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Zacks.com users have recently been watching PulteGroup (PHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, PulteGroup (PHM) closed at $102.80, indicating a +1.04% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Brown Harris Stevens real estate broker Lisa Lippman discusses the latest obstacles in the housing industry and whether the president's tariffs will impact buyers and sellers.
CLEVELAND--(BUSINESS WIRE)--Del Webb, the nation's leading builder of active adult communities for those 55 and older, announced today the successful opening of Del Webb Hickory Greens. Located in Columbia Township just southwest of Cleveland, Del Webb Hickory Greens offers a vibrant lifestyle for active adults seeking a low-maintenance, amenity-rich community in the Midwest. Within the first 30 days of opening Del Webb Hickory Greens, 50 homes were already sold in this sought-after community.
The latest trading day saw PulteGroup (PHM) settling at $105.32, representing a -0.5% change from its previous close.
PulteGroup (PHM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
PulteGroup's shares are undervalued at 8.2x trailing earnings, offering a strong investment opportunity with a robust balance sheet and financial flexibility. The company delivered strong quarterly results, beating revenue and EPS estimates, with a significant increase in home sale revenues and a healthy buyer mix. PulteGroup's financial health is solid, with $1.7 billion in cash, low debt levels, and investment-grade ratings, supporting ongoing buybacks and dividends.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Seaport Global analyst Kenneth Zener upgraded PulteGroup PHM from Sell to Neutral and announced a price forecast of $100.