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Beazer Homes USA (NYSE:BZH) was downgraded by research analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a report released on Wednesday, reports. They currently have a $22.00 price objective on the stock. Sterne Agee’s target price would suggest a potential upside of 3.72% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at FBN Securities upgraded shares of Beazer Homes USA to a “sector perform” rating in a research note on Friday, June 13th. Separately, analysts at Compass Point upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $25.00 price target on the stock, up previously from $24.00. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Beazer Homes USA in a research note on Thursday, April 17th. They now have a $15.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Beazer Homes USA presently has an average rating of “Hold” and an average price target of $21.06.

Shares of Beazer Homes USA (NYSE:BZH) traded down 3.11% during mid-day trading on Wednesday, hitting $20.55. The stock had a trading volume of 203,585 shares. Beazer Homes USA has a 1-year low of $15.54 and a 1-year high of $25.34. The stock’s 50-day moving average is $19.45 and its 200-day moving average is $20.81. The company’s market cap is $542.8 million.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, May 1st. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.52. The company had revenue of $270.02 million for the quarter, compared to the consensus estimate of $292.87 million. During the same quarter in the previous year, the company posted ($0.78) earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts expect that Beazer Homes USA will post $0.16 EPS for the current fiscal year.

Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East, and Southeast.

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