KB Home (NYSE:KBH) had its target price hoisted by equities research analysts at UBS Group from $25.00 to $30.00 in a report issued on Wednesday. The brokerage presently has a “sell” rating on the construction company’s stock. UBS Group’s target price indicates a potential downside of 14.31% from the stock’s current price.
A number of other research analysts have also recently weighed in on KBH. Royal Bank of Canada lifted their price target on shares of KB Home to $40.00 and gave the company a “sector perform” rating in a research report on Monday. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed a “neutral” rating and set a $31.00 price target (up from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, January 9th. Finally, Citigroup cut shares of KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price target on the stock. in a research report on Tuesday, January 2nd. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.60.
Shares of KB Home (NYSE KBH) opened at $35.01 on Wednesday. KB Home has a twelve month low of $15.88 and a twelve month high of $38.80. The stock has a market cap of $3,030.00, a P/E ratio of 25.19, a P/E/G ratio of 0.93 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. KB Home’s revenue was up 17.7% compared to the same quarter last year. equities analysts anticipate that KB Home will post 2.51 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of KB Home during the fourth quarter worth $29,512,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of KB Home during the fourth quarter worth $249,000. Schwab Charles Investment Management Inc. lifted its position in shares of KB Home by 7.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 559,402 shares of the construction company’s stock worth $17,873,000 after purchasing an additional 41,028 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of KB Home during the fourth quarter worth $244,000. Finally, Atlantic Trust Group LLC acquired a new position in shares of KB Home during the third quarter worth $1,250,000. 96.73% of the stock is currently owned by institutional investors and hedge funds.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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