KB Home Given Consensus Recommendation of “Hold” by Analysts (NYSE:KBH)
KB Home (NYSE:KBH) has earned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, American Banking and Market News reports. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.88.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of KB Home in a research note on Friday, June 6th. They set a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of KB Home from $24.00 to $20.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Thursday, May 1st. They now have a $17.00 price target on the stock.
Shares of KB Home (NYSE:KBH) traded down 0.41% on Thursday, hitting $17.02. 327,629 shares of the company’s stock traded hands. KB Home has a 52-week low of $15.40 and a 52-week high of $22.49. The stock has a 50-day moving average of $16.38 and a 200-day moving average of $17.52. The company has a market cap of $1.425 billion and a P/E ratio of 24.66. KB Home also was the target of a significant drop in short interest in the month of May. As of May 30th, there was short interest totalling 16,850,369 shares, a drop of 15.1% from the May 15th total of 19,857,925 shares. Approximately 21.3% of the company’s stock are sold short. Based on an average daily volume of 2,985,513 shares, the days-to-cover ratio is presently 5.6 days.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.03. The company had revenue of $450.70 million for the quarter, compared to the consensus estimate of $437.09 million. During the same quarter last year, the company posted ($0.16) earnings per share. KB Home’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that KB Home will post $1.17 EPS for the current fiscal year.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes through its operating divisions under the name KB Home.
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