PulteGroup (PHM) Stock Forecast & Price Target

$135.27 -1.26 (-0.92%)

(As of 11/29/2024 05:27 PM ET)

PulteGroup - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
6

Buy
10

Based on 16 Wall Street analysts who have issued ratings for PulteGroup in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 6 have given a hold rating, and 10 have given a buy rating for PHM.

Consensus Price Target

$145.00
7.19% Upside

According to the 16 analysts' twelve-month price targets for PulteGroup, the average price target is $145.00. The highest price target for PHM is $195.00, while the lowest price target for PHM is $105.00. The average price target represents a forecasted upside of 7.19% from the current price of $135.27.

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PHM Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	15 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$145.00	$145.00	$133.14	$90.06
Forecasted Upside	7.19% Upside	11.94% Upside	1.13% Upside	-1.06% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PHM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PHM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PulteGroup Stock vs. The Competition

Type	PulteGroup	Construction Companies	S&P 500
Consensus Rating Score	2.63	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.19% Upside	7.09% Upside	6.49% Upside
News Sentiment Rating	Positive News See Recent PHM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/23/2024	Evercore ISI 2 of 5 stars	S. Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$198.00 ➝ $195.00	+44.76%
10/23/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$148.00 ➝ $154.00	+14.32%
10/23/2024	Oppenheimer 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$168.00 ➝ $165.00	+23.34%
10/23/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$139.00 ➝ $156.00	+16.61%
10/22/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$115.00 ➝ $115.00	-15.50%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $165.00	+18.34%
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9/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$138.00 ➝ $160.00	+10.90%
8/14/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Patterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$135.00 ➝ $145.00	+14.74%
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$141.00 ➝ $152.00	+22.70%
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$113.00 ➝ $120.00	-4.22%
7/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$131.00 ➝ $150.00	+19.97%
7/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$129.00 ➝ $117.00	+12.26%
4/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$126.00 ➝ $131.00	+16.92%
4/24/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$91.00 ➝ $105.00	-0.20%
7/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$71.00 ➝ $85.00	+1.81%
6/14/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Zener Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
5/31/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$95.00	+43.77%
4/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$51.00 ➝ $66.00	+9.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:49 AM ET.

Should I Buy PulteGroup Stock? PHM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, November 26, 2024. Please send any questions or comments about these PulteGroup pros and cons to contact@marketbeat.com.

PulteGroup
Bull Case

Here are some ways that investors could benefit from investing in PulteGroup, Inc.:

PulteGroup, Inc. recently reported strong earnings, with an EPS of $3.35, surpassing analysts' expectations of $3.10. This indicates robust financial performance and effective management.
The company has a market capitalization of $26.61 billion, reflecting its significant size and stability in the homebuilding sector, which can be attractive to investors seeking established companies.
Recent analyst upgrades have increased price targets for PulteGroup, Inc., with Bank of America raising its target to $160.00, suggesting strong future growth potential and positive market sentiment.
The stock is currently trading at $129.76, which may present a buying opportunity for investors looking to enter at a favorable price point, especially given the company's growth trajectory.
PulteGroup, Inc. has increased its quarterly dividend from $0.20 to $0.22, indicating a commitment to returning value to shareholders and a positive outlook on cash flow.

PulteGroup
Bear Case

Investors should be bearish about investing in PulteGroup, Inc. for these reasons:

Despite recent positive earnings, the stock has experienced volatility, with a beta of 1.63, indicating that it may be more volatile than the overall market, which could pose risks for conservative investors.
Analysts have mixed ratings, with six holding a "hold" rating and eleven giving a "buy" rating, suggesting uncertainty in the stock's future performance.
The company's debt-to-equity ratio is relatively low at 0.14, which is generally positive, but it may also indicate that the company is not leveraging debt to fuel growth, potentially limiting expansion opportunities.
With a P/E ratio of 9.57, while it may seem attractive, it could also suggest that the stock is undervalued, which might deter some investors who prefer stocks with higher growth expectations.
The housing market can be cyclical and sensitive to economic changes, which could impact PulteGroup, Inc.'s future sales and profitability, making it a riskier investment in uncertain economic times.

PHM Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for PulteGroup is $145.00, with a high forecast of $195.00 and a low forecast of $105.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PHM shares.
: According to analysts, PulteGroup's stock has a predicted upside of 7.19% based on their 12-month stock forecasts.
: PulteGroup has been rated by research analysts at Bank of America, BTIG Research, Evercore ISI, Oppenheimer, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like PulteGroup more than other "construction" companies. The consensus rating score for PulteGroup is 2.63 while the average consensus rating score for "construction" companies is 2.61. Learn more on how PHM compares to other companies.

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This page (NYSE:PHM) was last updated on 11/30/2024 by MarketBeat.com Staff

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PulteGroup (PHM) Stock Forecast & Price Target