DR Horton (NYSE:DHI) stock price target increased to $27.50, issued a report today by FBN Securities
- Updated: October 9, 2016
In a report released on Monday October 10, 2016 FBN Securities raised the target price of DR Horton (NYSE:DHI) from $25.00 to $27.50 indicating a potential downside of -0.07%.
Boasting a price of $29.60, DR Horton (NYSE:DHI) traded 0.00% even on the day. With the last stock price close down -5.12% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. DR Horton has recorded a 50-day average of $30.91 and a two hundred day average of $31.20. Volume of trade was down over the average, with 0 shares of DHI changing hands under the typical 3,721,100
With a total market value of $0, DR Horton has price-earnings ratio of 13.16 with a one year low of $22.97 and a one year high of $34.56 .
A total of 18 equity analysts have released a ratings update on DHI. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, twelve equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $33.61.
Brief Synopsis About DR Horton (NYSE:DHI)
D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.
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