Stock Rating Downgrade
Of late the Value Trend Rating for PulteGroup Inc (NYSE: PHM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 7/1/20, PulteGroup Inc (NYSE: PHM) stock suffered a large decline of -3.1%, closing at $32.98. However, this decline was accompanied by below average trading volume at 74% of normal. The stock has performed in line with the market over the last nine months and has declined -6.1% during the last week.
Current PriceTarget Research Rating
PHM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PulteGroup has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. PulteGroup has a neutral Appreciation Score of 57 and a neutral Power Rating of 46, with the High Neutral Value Trend Rating the result.