The recent close of $22.32 is approximately 30% above the fair value buy target for the stock and approximately 37% below the fair value close target for the stock. The recent close is also 20% below analysts' twelve-month $28.00 median price target for the stock.
The recent close represents a 00% decrease in price since the last baseline equity review was conducted in June of 2013.
The stock currently has a trailing twelve-month PE Ratio of 29, and a PEG Ratio of (1.3) basis estimated forward earnings growth of (22%).
In the past 52 weeks, share prices have moved between a high of $27.75 and a low of $14.98, placing equilibrium at $23.39.
Basis the recent close, the stock is trading 24% below the 52 week high, 33% above the 52 week low, 5% below equilibrium, and has an average daily trading volume of approximately 5.9 million shares.
D.R. Horton, Inc. engages in the acquisition and development of land; and construction and sale of residential homes.
The company's competitors include KB Home, Lennar Corporation, and PulteGroup, Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending September 30, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.