RBC Capital Markets disclosed DR Horton Inc (NYSE:DHI), bumping its price target to $42.00 earlier today

Just yesterday DR Horton Inc (NYSE:DHI) traded -1.92% lower at $36.56. DR Horton Inc’s 50-day moving average is $35.01 and its 200-day moving average is $32.83. The last closing price is up 10.53% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has increased 0.06% over the same time period. 4,902,564 shares of DHI traded hands, up from an average trading volume of 3,669,590

Stating a potential upside of 0.15%, RBC Capital Markets upped the price target of DR Horton Inc (NYSE:DHI) to $42.00

Recent Performance Chart

DR Horton Inc has 52 week low of $26.69 and a 52 week high of $37.44 with a PE ratio of 14.12 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 18 brokers have issued a research note on the stock. The consensus target price is $33.61 with 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 12 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About DR Horton Inc (NYSE:DHI)

D.R. Horton, Inc. is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums. The Company’s 39 homebuilding divisions are aggregated into six segments: East Region, South Central Region, Midwest Region, West Region, Southwest Region and Southeast Region. In the financial services segment, the Company sells mortgages and collects fees for title insurance agency and closing services. The Company has subsidiaries that conduct insurance-related operations; construct and own income-producing rental properties; own non-residential real estate, including ranch land and improvements, and own and operate oil and gas-related assets.

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