Citigroup Inc. Upgrades Beazer Homes USA to Neutral (BZH)
Beazer Homes USA (NYSE:BZH) was upgraded by Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Shares of Beazer Homes USA (NYSE:BZH) opened at 17.88 on Friday. Beazer Homes USA has a 1-year low of $15.27 and a 1-year high of $25.34. The stock’s 50-day moving average is $18.55 and its 200-day moving average is $19.8. The company’s market cap is $472.4 million. Beazer Homes USA also was the target of unusually large options trading activity on Tuesday. Traders purchased 3,263 put options on the company. This is an increase of approximately 420% compared to the typical volume of 628 put options.
Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, July 31st. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.69. The company had revenue of $354.67 million for the quarter, compared to the consensus estimate of $360.13 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Beazer Homes USA will post $0.28 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BZH. Analysts at Compass Point reiterated a “buy” rating on shares of Beazer Homes USA in a research note on Friday, August 1st. They now have a $25.00 price target on the stock, up previously from $21.50. Separately, analysts at Sterne Agee upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $22.00 price target on the stock, down previously from $23.00. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.67.
In other Beazer Homes USA news, Director Laurent Alpert purchased 2,500 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $16.82 per share, with a total value of $42,050.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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