Barclays Maintains an 'Equalweight' on D.R. Horton (DHI); Raising Price Target; 4Q11 Review
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Price: $148.35 +0.69%
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on D.R. Horton (NYSE: DHI) price target raised from $11 to $13.
Barclays analyst says, "Both revenues and volumes in 4Q11 were inline with our estimates but gross margin before all interest was 130bps below our expectation. While some may look at the quarter as a miss, the biggest takeaway, in our opinion, is the company posted their second fiscal year of profitability."
"D.R. Horton management guided they would be profitable once again in 2012. We are very encouraged by this data point as it gives us greater confidence in our belief we have reached the inflection point in housing." (Barclays raises FY11 EPS estimate from $0.52 to $0.57)
For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.
Shares of D.R. Horton closed at $11.28 yesterday.
Barclays analyst says, "Both revenues and volumes in 4Q11 were inline with our estimates but gross margin before all interest was 130bps below our expectation. While some may look at the quarter as a miss, the biggest takeaway, in our opinion, is the company posted their second fiscal year of profitability."
"D.R. Horton management guided they would be profitable once again in 2012. We are very encouraged by this data point as it gives us greater confidence in our belief we have reached the inflection point in housing." (Barclays raises FY11 EPS estimate from $0.52 to $0.57)
For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.
Shares of D.R. Horton closed at $11.28 yesterday.
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