D.R. Horton, Inc. (NYSE:DHI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. One investment 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 12 month price target among brokerages that have covered the stock in the last year is $185.67.
A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective 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. JMP Securities increased their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company raised their target price 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. Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd.
Read Our Latest Report on D.R. Horton
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D.R. Horton Stock Performance
Shares of NYSE:DHI opened at $180.38 on Friday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $187.60 and a 200-day moving average price of $164.25. The company has a market cap of $59.40 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $199.85.
D.R. Horton declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board 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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