KB Home Stock Rating Reaffirmed by Citigroup Inc. (KBH)
KB Home (NYSE:KBH)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $19.00 price target on the stock, up from their previous price target of $17.00. Citigroup Inc.’s price objective would indicate a potential upside of 13.70% from the company’s current price.
Shares of KB Home (NYSE:KBH) traded up 2.42% during mid-day trading on Monday, hitting $17.115. 959,506 shares of the company’s stock traded hands. KB Home has a 52 week low of $15.40 and a 52 week high of $20.78. The stock has a 50-day moving average of $17.39 and a 200-day moving average of $17.42. The company has a market cap of $1.571 billion and a P/E ratio of 17.26. KB Home also was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 21,989,932 shares, a growth of 27.8% from the July 15th total of 17,201,913 shares. Based on an average daily volume of 3,746,461 shares, the short-interest ratio is presently 5.9 days. Approximately 27.5% of the company’s shares are short sold.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Friday, June 27th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.04) earnings per share. KB Home’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that KB Home will post $1.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Tuesday, August 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Monday, July 21st. They now have a $19.00 price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of KB Home in a research note on Monday, June 30th. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, analysts at Susquehanna raised their price target on shares of KB Home from $21.00 to $24.00 in a research note on Monday, June 30th. They now have a “positive” rating on the stock. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. KB Home has a consensus rating of “Hold” and an average price target of $19.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.