RBC Capital analyst Michael Dahl maintained a Buy rating on Tri Pointe (NYSE:TPH) Homes on Friday, setting a price target of $22, which is approximately 15.79% above the present share price of $19.
Dahl expects Tri Pointe Homes to post earnings per share (EPS) of $0.43 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Tri Pointe, with an average price target of $20.92.
The analysts price targets range from a high of $24 to a low of $17.5.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $770.11 million and a net profit of $83.64 million. The company's market cap is $2.48 billion.
According to TipRanks.com, RBC Capital analyst Michael Dahl is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.8% and a 55.99% success rate.
TRI Pointe Group, Inc. designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia. The Financial Services segment comprises of its TRI Pointe Connect mortgage financing operations and its TRI Pointe Assurance title services operations. The company was founded in April 2009 and is headquartered in Irvine, CA.