Citizens Starts TRI Pointe Homes (TPH) at Market Outperform

Citizens analyst James McCanless initiates coverage on TRI Pointe Homes (NYSE: TPH) with a Market Outperform rating and a price target of $46.00.

The analyst comments: "We are initiating coverage on TRI Pointe Group (TPH) with a Market Outperform (MO) rating and a $46 price target. Our estimates assume TPH’s unit closings are down yoy as the company’s entry-level communities (~25% of the customer base) may be dealing with some incentive and affordability headwinds to start FY26. We think the current valuation at 0.8x (82%) our FY26 tangible book value per share estimate of $38.83 appropriately discounts the potential headwinds facing TPH."

For an analyst ratings summary and ratings history on TRI Pointe Homes click here. For more ratings news on TRI Pointe Homes click here.

Shares of TRI Pointe Homes closed at $31.69 yesterday.

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