Oppenheimer Upgrades Tri Pointe Homes (TPH)
Fintel reports that on September 7, 2023, Oppenheimer upgraded their outlook for Tri Pointe Homes (NYSE:TPH) from Perform to Outperform .
Analyst Price Forecast Suggests 33.70% Upside
As of August 31, 2023, the average one-year price target for Tri Pointe Homes is 39.58. The forecasts range from a low of 32.32 to a high of $50.40. The average price target represents an increase of 33.70% from its latest reported closing price of 29.60.
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The projected annual revenue for Tri Pointe Homes is 3,225MM, a decrease of 23.43%. The projected annual non-GAAP EPS is 2.79.
What is the Fund Sentiment?
There are 641 funds or institutions reporting positions in Tri Pointe Homes. This is an increase of 28 owner(s) or 4.57% in the last quarter. Average portfolio weight of all funds dedicated to TPH is 0.22%, an increase of 9.50%. Total shares owned by institutions decreased in the last three months by 2.77% to 114,459K shares. The put/call ratio of TPH is 0.78, indicating a bullish outlook.