KB Home Stock Rating Reaffirmed by Barclays (KBH)
KB Home (NYSE:KBH)‘s stock had its “underweight” rating reiterated by stock analysts at Barclays in a report issued on Monday. They currently have a $20.00 price objective on the stock, up from their previous price objective of $18.00. Barclays’ price objective suggests a potential upside of 7.01% from the stock’s previous close.
Shares of KB Home (NYSE:KBH) traded up 0.16% on Monday, hitting $18.72. The stock had a trading volume of 3,989,600 shares. KB Home has a 52 week low of $15.40 and a 52 week high of $20.78. The stock’s 50-day moving average is $16.76 and its 200-day moving average is $17.53. The company has a market cap of $1.676 billion and a P/E ratio of 19.25.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Friday, June 27th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $563.10 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that KB Home will post $1.19 earnings per share for the current fiscal year.
KBH has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of KB Home from $21.00 to $24.00 in a research note on Monday. They now have a “positive” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of KB Home from $20.00 to $21.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of KB Home from $17.00 to $19.00 in a research note on Monday. They now have a “market perform” rating on the stock. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.13.
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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