J.P. Morgan Sticks to Their Hold Rating for Pultegroup

J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Pultegroup on Tuesday, setting a price target of $28, which is approximately 6.29% below the present share price of $29.88.

Rehaut expects Pultegroup to post earnings per share (EPS) of $0.75 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in PulteGroup (NYSE:PHM), with an average price target of $31.55.
The analysts price targets range from a high of $44 to a low of $25.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.29 billion and a net profit of $281.93 million. The company's market cap is $7.89 billion.

According to TipRanks.com, J.P. Morgan analyst Michael Rehaut is a 4-star analyst with an average return of 3.0% and a 52.8% success rate.

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. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.