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Has TRI Pointe Group Inc (TPH) Stock's Performance Changed Wall Street's View?

Wednesday, July 22, 2020 12:44 PM | InvestorsObserver Analysts

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Has TRI Pointe Group Inc (TPH) Stock's Performance Changed Wall Street's View?

Analysts who follow TRI Pointe Group Inc (TPH) on average expect it to fall -13.40% over the next twelve months. Those same analysts give the stock an average rating of Buy.

That average rating earns TRI Pointe Group Inc an Analyst Ranking of 28, which means it ranks higher than 28 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.6
Wall Street analysts are rating TPH a Buy today. Find out what this means to you and get the rest of the rankings on TPH!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With TRI Pointe Group Inc Stock Today?

TRI Pointe Group Inc (TPH) stock is trading at $17.09 as of 12:41 PM on Wednesday, Jul 22, a rise of $0.65, or 3.95% from the previous closing price of $16.44. The stock has traded between $16.34 and $17.18 so far today. Volume today is less active than usual. So far 744,187 shares have traded compared to average volume of 1,810,478 shares.

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