Shares of D.R. Horton, Inc. (NYSE:DHI – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $185.67.
A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd.
Read Our Latest Stock Analysis on DHI
Institutional Trading of D.R. Horton
D.R. Horton Trading Down 1.9 %
D.R. Horton stock opened at $179.24 on Friday. The business has a 50-day simple moving average of $187.89 and a two-hundred day simple moving average of $164.69. The company has a market cap of $59.03 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton has a 52-week low of $100.81 and a 52-week high of $199.85. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23.
D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
D.R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.
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