D.R. Horton, Inc. (NYSE:DHI – Get Free Report) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $185.67.
Several equities analysts have commented on DHI shares. Bank of America upped their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada upped their price objective on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Barclays increased their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th.
View Our Latest Stock Report on D.R. Horton
Institutional Investors Weigh In On D.R. Horton
D.R. Horton Stock Performance
Shares of D.R. Horton stock opened at $179.24 on Friday. The stock’s fifty day moving average is $187.89 and its two-hundred day moving average is $164.69. The company has a market capitalization of $59.03 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. 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 has a 52 week low of $100.81 and a 52 week high of $199.85.
D.R. Horton announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication 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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