Somewhat Favorable Press Coverage Somewhat Unlikely to Affect PulteGroup (PHM) Stock Price

Media headlines about PulteGroup (NYSE:PHM) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PulteGroup earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.8564181464879 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

PHM has been the subject of several analyst reports. Royal Bank of Canada set a $36.00 price objective on PulteGroup and gave the company a “buy” rating in a report on Wednesday, April 25th. Buckingham Research raised PulteGroup from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, April 25th. B. Riley raised PulteGroup from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $40.00 in a report on Wednesday, April 25th. Credit Suisse Group set a $35.00 price objective on PulteGroup and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, ValuEngine raised PulteGroup from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.14.

Shares of PulteGroup stock opened at $28.74 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.66. PulteGroup has a twelve month low of $24.66 and a twelve month high of $35.21. The stock has a market capitalization of $8.33 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.44 and a beta of 1.10.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.15. PulteGroup had a return on equity of 19.95% and a net margin of 7.92%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business earned $0.47 EPS. PulteGroup’s revenue for the quarter was up 27.1% compared to the same quarter last year. analysts forecast that PulteGroup will post 3.48 earnings per share for the current fiscal year.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

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