Beazer Homes USA Receives Average Recommendation of “Hold” from Analysts (NYSE:BZH)
Beazer Homes USA (NYSE:BZH) has been given a consensus rating of “Hold” by the eight brokerages that are covering the company, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.06.
A number of research firms have recently commented on BZH. Analysts at Sterne Agee downgraded shares of Beazer Homes USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $22.00 price target on the stock. Separately, analysts at FBN Securities upgraded shares of Beazer Homes USA to a “sector perform” rating in a research note on Friday, June 13th. Finally, 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.
Shares of Beazer Homes USA (NYSE:BZH) opened at 19.29 on Wednesday. Beazer Homes USA has a 52-week low of $15.54 and a 52-week high of $25.34. The stock has a 50-day moving average of $19.70 and a 200-day moving average of $20.70. The company’s market cap is $509.5 million.
Beazer Homes USA (NYSE:BZH) last released its earnings data on Thursday, May 1st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.78) earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Analysts expect that Beazer Homes USA will post $0.19 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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