Beazer Homes USA Upgraded to “Outperform” by Zacks (BZH)
Beazer Homes USA (NYSE:BZH) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, American Banking & Market News reports. The firm currently has a $20.10 price objective on the stock. Zacks‘ price objective points to a potential upside of 8.94% from the stock’s previous close.
BZH has been the subject of a number of other recent research reports. Analysts at Credit Suisse downgraded shares of Beazer Homes USA (NYSE:BZH) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. Separately, analysts at Thomson Reuters/Verus downgraded shares of Beazer Homes USA (NYSE:BZH) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 19th. Finally, analysts at Compass Point cut their price target on shares of Beazer Homes USA (NYSE:BZH) from $19.50 to $16.50 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.87.
Beazer Homes USA (NYSE:BZH) traded up 2.50% on Tuesday, hitting $18.45. The stock had a trading volume of 470,936 shares. Beazer Homes USA has a 52 week low of $12.89 and a 52 week high of $23.29. The stock has a 50-day moving average of $17.67 and a 200-day moving average of $17.80. The company’s market cap is $457.7 million.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.37) by $0.14. The company had revenue of $314.44 million for the quarter, compared to the consensus estimate of $332.21 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts predict that Beazer Homes USA will post $-1.60 earnings per share for the current fiscal year.
Beazer Homes USA, Inc (NYSE:BZH) diversified homebuilder with active operations in 16 states.
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