Beazer Homes USA Given Average Recommendation of “Hold” by Analysts (NYSE:BZH)
Beazer Homes USA (NYSE:BZH) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, AR Network reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.75.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Beazer Homes USA from a “sell” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $18.00 price target on the stock, up previously from $15.00. Separately, 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. Finally, 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.
Shares of Beazer Homes USA (NYSE:BZH) opened at 18.86 on Wednesday. Beazer Homes USA has a 52 week low of $15.27 and a 52 week high of $25.34. The stock has a 50-day moving average of $18. and a 200-day moving average of $19.65. The company’s market cap is $498.3 million.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.22) earnings per share. Beazer Homes USA’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Beazer Homes USA will post $0.47 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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