Compass Point Reiterates a 'Sell' on D.R. Horton (DHI); Artificial Margin Beat
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Price: $143.07 --0%
Rating Summary:
21 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
21 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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Compass Point reiterates a 'Sell' on D.R. Horton (NYSE: DHI) price target raised $1 to $13.50.
Analyst, Wilkes Graham, said, "DHI reported strong operating results for 2Q12 yesterday, but most of the upside came from one-time insurance reimbursements. To be sure, management was clear on the conference call that pricing power does not exist in most of their markets, in line with our thesis that the company’s land and price positioning precludes it from pushing prices in this environment. We continue to believe the sector overall has priced in overly optimistic housing fundamentals, but see particular downside risk in DHI on a risk-adjusted basis."
FY12/13 EPS estimate raised from $$.0.39/$0.77 to $0.50/0.86.
For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.
Shares of D.R. Horton closed at $15.06 yesterday.
Analyst, Wilkes Graham, said, "DHI reported strong operating results for 2Q12 yesterday, but most of the upside came from one-time insurance reimbursements. To be sure, management was clear on the conference call that pricing power does not exist in most of their markets, in line with our thesis that the company’s land and price positioning precludes it from pushing prices in this environment. We continue to believe the sector overall has priced in overly optimistic housing fundamentals, but see particular downside risk in DHI on a risk-adjusted basis."
FY12/13 EPS estimate raised from $$.0.39/$0.77 to $0.50/0.86.
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 $15.06 yesterday.
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