TheStreet Upgrades Forestar Group to “Buy” (FOR)
Forestar Group (NYSE:FOR) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports.
The analysts wrote, “Forestar Group (FOR) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.”
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Forestar Group from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $20.20 price target on the stock. Separately, analysts at Sidoti initiated coverage on shares of Forestar Group in a research note to investors on Tuesday, December 24th. They set a “buy” rating on the stock. Finally, analysts at Buckingham Research upgraded shares of Forestar Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, December 19th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Forestar Group has a consensus rating of “Buy” and a consensus target price of $25.05.
Forestar Group (NYSE:FOR) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.03.
Forestar Group Inc (NYSE:FOR) is a real estate and natural resources company.
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