Evercore ISI Remains a Buy on DR Horton (DHI)

In a report issued on July 21, Stephen Kim from Evercore ISI maintained a Buy rating on DR Horton (DHIResearch Report). The company’s shares closed last Friday at $77.39.

According to TipRanks.com, Kim is a 5-star analyst with an average return of 9.5% and a 59.0% success rate. Kim covers the Consumer Goods sector, focusing on stocks such as M.D.C. Holdings, Toll Brothers, and PulteGroup.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DR Horton with a $87.69 average price target, implying a 14.0% upside from current levels. In a report issued on July 12, J.P. Morgan also maintained a Buy rating on the stock with a $80.00 price target.

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DR Horton’s market cap is currently $27.24B and has a P/E ratio of 4.97.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DHI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1978, Texas-based D.R. Horton, Inc. is a homebuilding company that is engaged in the construction and sale of single-family homes through its diverse brand portfolio that includes D.R. Horton, Emerald Homes, Express Homes and Freedom Homes.

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