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PulteGroup, Inc. (NYSE:PHM) target price raised to $16.00, reported today by Wedbush

Wedbush bumped the target price of PulteGroup, Inc. (NYSE:PHM) to $16, reporting a possible downside of -0.19%.

Just yesterday PulteGroup, Inc. (NYSE:PHM) traded 1.53% higher at $19.87. PHM’s 50-day moving average is $20.98 and its 200-day average is $19.43. With the last stock price up 2.26% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. 4,407,995 shares of the stock traded, down from ann avg. volume of 4,816,850.

See Graphic Below:

PulteGroup, Inc. (NYSE:PHM)

PulteGroup, Inc. has a one-year low of $14.61 and a 52 week high of $22.40 with a price-earnings ratio of 13 and has a market capitalization of $0.0.

A total of 16 equity analysts have released a ratings update on the stock. One analyst rate the stock a strong buy, four analysts rate the company a buy, 12 firms rate the stock a hold, three firms rate the company to underperform, and lastly 0 analystsrate the company as sell with a 12-month target price of $20.13

About PulteGroup, Inc. (NYSE:PHM)

PulteGroup, Inc. is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments. The Company’s homebuilding business, includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands, offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes. Its Homebuilding Operations segment operates through six geographical segments: Northeast, Southeast, Florida, Midwest, Texas and West. The Company conducts its Financial Services operations, which includes mortgage and title operations, and through Pulte Mortgage LLC and other subsidiaries.

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