B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Tri Pointe (NYSE: TPH) yesterday and set a price target of $19. The company’s shares closed on Friday at $14.38.
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.2% and a 64.6% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Tutor Perini Corp, Quanta Services, and MYR Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tri Pointe with a $18.67 average price target.
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Based on Tri Pointe’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $63.68 million. In comparison, last year the company had a net profit of $32.71 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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TRI Pointe Group, Inc. designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments.
