Tri Pointe Homes Inc. (NYSE:TPH) has been given a $17.00 price target by analysts at Wedbush in a report issued on Wednesday. The firm currently has a a “buy” rating on the stock. Wedbush’s price objective would suggest a potential upside of 51.11% from the stock’s previous close.

TPH has been the topic of several other research reports. Zacks Investment Research upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Saturday, July 30th. FBR & Co lifted their target price on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Citigroup Inc. lifted their target price on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Wells Fargo & Co. assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, September 28th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.79.

Analyst Recommendations for Tri Pointe Homes (NYSE:TPH)

Shares of Tri Pointe Homes (NYSE:TPH) opened at 11.25 on Wednesday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 8.17 and a beta of 1.70. The company’s 50-day moving average is $12.18 and its 200 day moving average is $12.42. Tri Pointe Homes has a 1-year low of $8.83 and a 1-year high of $14.38.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $581.79 million for the quarter, compared to the consensus estimate of $558.61 million. Tri Pointe Homes had a net margin of 8.87% and a return on equity of 12.73%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities research analysts expect that Tri Pointe Homes will post $1.22 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. State Treasurer State of Michigan raised its stake in Tri Pointe Homes by 0.5% in the second quarter. State Treasurer State of Michigan now owns 58,500 shares of the company’s stock valued at $691,000 after buying an additional 300 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Tri Pointe Homes by 1.0% in the second quarter. Legal & General Group Plc now owns 37,309 shares of the company’s stock valued at $436,000 after buying an additional 366 shares during the period. Amalgamated Bank raised its stake in shares of Tri Pointe Homes by 2.3% in the second quarter. Amalgamated Bank now owns 18,410 shares of the company’s stock valued at $251,000 after buying an additional 409 shares during the period. US Bancorp DE raised its stake in shares of Tri Pointe Homes by 0.9% in the second quarter. US Bancorp DE now owns 44,950 shares of the company’s stock valued at $531,000 after buying an additional 410 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Tri Pointe Homes by 1.4% in the third quarter. Neuberger Berman Group LLC now owns 35,828 shares of the company’s stock valued at $472,000 after buying an additional 500 shares during the period. Institutional investors own 98.33% of the company’s stock.

About Tri Pointe Homes

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

5 Day Chart for NYSE:TPH

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