American Homes (AMH) Gets a Buy from Wells Fargo

Wells Fargo analyst James Feldman maintained a Buy rating on American Homes today and set a price target of $38.00. The company’s shares closed last Friday at $32.54.

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Feldman covers the Real Estate sector, focusing on stocks such as Ryman, Diamondrock, and Equity Lifestyle. According to TipRanks, Feldman has an average return of -0.3% and a 42.94% success rate on recommended stocks.

American Homes has an analyst consensus of Moderate Buy, with a price target consensus of $39.29.

Based on American Homes’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $457.5 million and a net profit of $109.04 million. In comparison, last year the company earned a revenue of $423.49 million and had a net profit of $95.63 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock. Last month, Matthew Hart, a Director at AMH sold 23,270.00 shares for a total of $801,418.80.