Evercore ISI analyst Stephen Kim downgraded PulteGroup (PHM) to Hold today. The company’s shares closed yesterday at $27.09.
According to TipRanks.com, Kim is ranked #318 out of 5220 analysts.
Currently, the analyst consensus on PulteGroup is a Hold with an average price target of $26.86, a -0.8% downside from current levels. In a report issued on February 14, Raymond James also downgraded the stock to Hold.
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Based on PulteGroup’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $235 million. In comparison, last year the company had a net profit of $76.58 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Ryan Marshall, the Chief Exec Officer, President of PHM sold 15,000 shares for a total of $417,150.
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PulteGroup, Inc. engages in the homebuilding business. It is also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments.
