Analysts at RBC Capital dropped their price objective on shares of D.R. Horton (NYSE:DHI) from $31.00 to $25.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 27.10% from the stock’s previous close.
Shares of D.R. Horton (NYSE: DHI) traded up 1.76% during mid-day trading on Friday, hitting $19.67. D.R. Horton has a one year low of $16.93 and a one year high of $27.75. The stock’s 50-day moving average is currently $21.79. The company has a market cap of $6.346 billion and a P/E ratio of 15.69.
D.R. Horton (NYSE:DHI) last released its earnings data on Thursday, July 25th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $2.22 earnings per share. D.R. Horton’s revenue was up 47.3% compared to the same quarter last year. On average, analysts predict that D.R. Horton will post $1.24 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Compass Point upgraded shares of D.R. Horton from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 24th. They now have a $27.00 price target on the stock, down previously from $30.00. Separately, analysts at Susquehanna upgraded shares of D.R. Horton from a “negative” rating to a “neutral” rating in a research note to investors on Friday, July 19th. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of D.R. Horton in a research note to investors on Monday, June 24th. They set a “neutral” rating and a $22.00 price target on the stock.
Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.61.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, primarily under the name of D.