Market Overview

Vetr Holds Onto D.R. Horton After A Mixed Quarterly Report

Vetr Holds Onto D.R. Horton After A Mixed Quarterly Report

The Vetr crowd downgraded their rating of D.R. Horton, Inc. (NYSE: DHI) on Wednesday, from its previous standing of five stars (Strong Buy) issued earlier this week, to three stars (Hold). Crowd confidence in Vertex is generally positive, with 66 percent of Vetr user ratings bullish.

After releasing its quarterly earnings report on Wednesday and missing its estimated EPS by two cents, share price of the homebuilding company has remained stable at around $29. Despite the near miss on share earnings, the company did manage to surpass analyst estimates on its earnings by over a billion dollars, 2.62 compared to 3.7.

Vetr's downgrade to hold comes the same day as analyst firm Keefe, Bruyette & Woods upgraded its estimate of the D.R. Horton from Market Perform to Outperform.

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Currently, the Vetr crowd's average target price for D.R. Horton is down at $28.77, which is also below the average analyst target price of $32.35. Less than 2 percent of Vetr users are holding D.R. Horton on their watch-lists.

Posted-In: Keefe Bruyette & WoodsLong Ideas Downgrades Crowdsourcing Markets Analyst Ratings Trading Ideas Real Estate


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