RBC Capital analyst Michael Dahl maintains $D.R. Horton (DHI.US)$ with a sell rating, and adjusts the target price from $145 to $125.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 9.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $D.R. Horton (DHI.US)$'s main analysts recently are as follows:
Market sentiment has shifted notably towards peak pessimism, which is typically seen as an attractive entry point for homebuilder stocks. The underlying housing fundamentals are considered solid, which positions public builders advantageously to acquire more market share from their smaller private counterparts.
The firm indicates a continued cautious stance in the near-term toward builders, alongside a selective but relatively preferential approach to building products/distribution. This approach is taken in anticipation of ongoing affordability challenges impacting the sector, exacerbated by persistent high interest rates. However, it has been noted that investor sentiment has notably deteriorated over recent months, which may have helped to more equitably balance the risks and rewards associated with these investments.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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