KB Home Price Target Lowered to $18.00 at Williams Financial Group (KBH)
Williams Financial Group lowered their price target on shares of KB Home (NYSE:KBH) from $22.00 to $18.00 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Williams Financial Group’s price target suggests a potential upside of 0.11% from the stock’s previous close.
Shares of KB Home (NYSE:KBH) traded down 2.34% during mid-day trading on Friday, hitting $17.98. 3,464,057 shares of the company’s stock traded hands. KB Home has a 52 week low of $13.09 and a 52 week high of $25.14. The stock’s 50-day moving average is $16.91 and its 200-day moving average is $19.90. The company’s market cap is $1.505 billion. KB Home also was the recipient of some unusual options trading on Tuesday. Stock investors bought 11,102 call options on the company. This is an increase of approximately 259% compared to the average daily volume of 3,089 call options.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.07. The company had revenue of $549.00 million for the quarter, compared to the consensus estimate of $569.30 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, analysts predict that KB Home will post $0.51 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home (NYSE:KBH) in a research note to investors on Thursday. They now have a $19.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of KB Home (NYSE:KBH) in a research note to investors on Thursday. They now have a $24.00 price target on the stock, down previously from $26.00. Finally, analysts at RBC Capital raised their price target on shares of KB Home (NYSE:KBH) from $20.00 to $21.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.16.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes homes through its operating divisions under the name KB Home.
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