KB Home Rating Increased to Neutral at Ned Davis Research (KBH)
KB Home (NYSE:KBH) was upgraded by equities research analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, StockRatingsNetwork reports.
Shares of KB Home (NYSE:KBH) traded down 0.21% during mid-day trading on Monday, hitting $18.88. The stock had a trading volume of 2,384,678 shares. KB Home has a 52-week low of $15.48 and a 52-week high of $25.14. The stock has a 50-day moving average of $18.20 and a 200-day moving average of $17.34. The company has a market cap of $1.581 billion and a price-to-earnings ratio of 41.13.
KB Home (NYSE:KBH) last announced its earnings results on Thursday, December 19th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.10. The company had revenue of $618.50 million for the quarter, compared to the consensus estimate of $569.55 million. During the same quarter last year, the company posted $0.10 earnings per share. KB Home’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that KB Home will post $1.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Tuesday, February 4th.
A number of other analysts have also recently weighed in on KBH. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note to investors on Tuesday, February 4th. They now have a $20.00 price target on the stock. Separately, analysts at Barclays downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 27th. They now have a $18.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of KB Home from a “sell” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.50.
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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