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Evercore ISI downgraded DR Horton (NYSE:DHI) from Outperform to In-line in a report released today.

Evercore ISI has downgraded DR Horton (NYSE:DHI) from Outperform to In-line in a report released on 6/21/2017.

Previously on 5/17/2017, Mizuho Securities reported on DR Horton (NYSE:DHI) raised the target price from $0.00 to $32.00. At the time, this indicated a possible downside of -0.03%.

Yesterday DR Horton (NYSE:DHI) traded -0.43% lower at $34.17. The company’s 50-day moving average is $36.19 and its 200-day moving average is $34.41. The last closing price is down 8.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 5,452,118 shares of the stock were exchanged, up from an average trading volume of 3,700,830

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DR Horton (NYSE:DHI)

DR Horton has a 52 week low of $26.69 and a 52 week high of $37.78 with a P/E ratio of 13.93 DR Horton’s market capitalization is presently $0.

A total of 18 brokerages have issued a ratings update on DR Horton. 2 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of $33.61.

More About DR Horton (NYSE:DHI)

D.R. Horton, Inc. is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company's segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums. The Company's 39 homebuilding divisions are aggregated into six segments: East Region, South Central Region, Midwest Region, West Region, Southwest Region and Southeast Region. In the financial services segment, the Company sells mortgages and collects fees for title insurance agency and closing services. The Company has subsidiaries that conduct insurance-related operations; construct and own income-producing rental properties; own non-residential real estate, including ranch land and improvements, and own and operate oil and gas-related assets.

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