Stocks Jumping Back On The Frontlines: PulteGroup, Inc. (PHM), Ensco plc (ESV)

PulteGroup, Inc. (NYSE:PHM)’s beta now stands at 0.79 and when compared to its 200-day moving average and its 50-day moving average, PHM price stands -0.31% below and -0.63% below respectively. The stock dropped by -18.01% or -$5.95 from its last recorded high of $33.04 which it attained on December 06 to close at $27.09 per share. Over the past 52 weeks, the shares of PulteGroup, Inc. has been trading as low as $20.64 before witnessing a massive surge by 31.25% or $6.45. This price movement has led to the PHM stock receiving more attention and has become one to watch out for. It dipped by -1.56% on Thursday and this got the market worried. Its average daily volatility for this week is 2.23% which is less than the 2.55% recorded over the past month.

PulteGroup, Inc. (PHM) sank -1.6% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -11.01% and is now up by 4.23% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.81% fall over the past 30 days. Its equity price climbed by 5.2% over the past three months which led to its overall six-month decrease to stand at -0.07%.

Experts from research firms are bullish about the near-term performance of PulteGroup, Inc. with most of them predicting a $26.4 price target on a short-term (12 months) basis. The average price target by the analysts will see a -2.55% rise in the stock and would lead to PHM’s market cap to surge to $7.3B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 18 analysts that track PulteGroup, Inc. (NYSE:PHM) and find out that 10 of them rated it as a Hold. 4 of the 8 analysts rated it as a Buy or a Strong Buy while 4 advised investors to desist from buying the stock or sell it if they already possess it.

A look at PHM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 46.85 point. Its trading volume has lost -1991445 shares compared to readings over the past three months as it recently exchanged 3428555 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5420000 shares, and this is 0.63 times the normal volume.

Analysts have predicted a price target for Ensco plc (ESV) for 1 year and it stands at an average $6.23/share. This means that it would likely increase by 46.24% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3. On the other hand, one analyst is super bullish about the price, setting a target as high as $10.

The ESV stock Stochastic Oscillator (%D) is at 66.4%, which means that it is currently neutral. The shares P/S ratio stands at 1.14 which compares to the 2.16 recorded by the industry or the 10.25 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -17.5% over the past five years.

Analysts view Ensco plc (NYSE:ESV) as a Hold, with 2.3 consensus rating. Reuters surveyed 29 analysts that follow ESV and found that 10 of those analysts rated the stock as a Hold. The remaining 19 were divided, with 17 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Ensco plc (ESV) shares or sell it if they already own it.