KB Home (NYSE:KBH – Get Rating) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Monday, The Fly reports.
Other equities analysts have also recently issued reports about the company. StockNews.com assumed coverage on KB Home in a report on Thursday, March 31st. They set a “hold” rating for the company. KeyCorp lowered their price target on KB Home from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, March 15th. UBS Group lowered their price target on KB Home from $66.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, June 16th. Barclays lowered their target price on KB Home from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Finally, Royal Bank of Canada lowered their target price on KB Home from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.29.
NYSE KBH opened at $30.62 on Monday. The business has a fifty day moving average price of $31.34 and a 200 day moving average price of $35.83. KB Home has a one year low of $24.78 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.47 and a current ratio of 5.10. The company has a market cap of $2.71 billion, a P/E ratio of 4.19, a P/E/G ratio of 0.48 and a beta of 1.62.
KB Home (NYSE:KBH – Get Rating) last issued its earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. During the same period in the prior year, the firm posted $1.50 earnings per share. As a group, sell-side analysts predict that KB Home will post 10.28 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBH. Janus Henderson Group PLC acquired a new position in KB Home during the third quarter worth approximately $387,000. UBS Asset Management Americas Inc. increased its position in KB Home by 1.5% during the third quarter. UBS Asset Management Americas Inc. now owns 103,264 shares of the construction company’s stock worth $4,019,000 after buying an additional 1,504 shares during the period. Veriti Management LLC acquired a new position in KB Home during the fourth quarter worth approximately $200,000. Sciencast Management LP acquired a new position in KB Home during the fourth quarter worth approximately $228,000. Finally, Clear Creek Financial Management LLC acquired a new position in KB Home during the fourth quarter worth approximately $230,000. 89.78% of the stock is currently owned by institutional investors.
About KB Home (Get Rating)
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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