TheStreet Upgrades Forestar Group to “Buy” (FOR)
Forestar Group (NYSE:FOR) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Thursday, 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.”
Forestar Group (NYSE:FOR) traded down 0.52% during mid-day trading on Thursday, hitting $20.95. 234,187 shares of the company’s stock traded hands. Forestar Group has a 1-year low of $16.82 and a 1-year high of $25.12. The stock has a 50-day moving average of $20.29 and a 200-day moving average of $21.00. The company has a market cap of $726.5 million and a price-to-earnings ratio of 28.93.
Forestar Group (NYSE:FOR) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.03. Analysts expect that Forestar Group will post $0.54 EPS for the current fiscal year.
FOR has been the subject of a number of other recent research reports. 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 analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.05.
Forestar Group Inc (NYSE:FOR) is a real estate and natural resources company.
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