KB Home Receives Consensus Rating of “Hold” from Brokerages (NYSE:KBH)
KB Home (NYSE:KBH) has received an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, AnalystRatings.Net reports. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.00.
Shares of KB Home (NYSE:KBH) opened at 17.66 on Tuesday. KB Home has a 1-year low of $15.40 and a 1-year high of $20.78. The stock’s 50-day moving average is $17.19 and its 200-day moving average is $17.34. The company has a market cap of $1.621 billion and a price-to-earnings ratio of 18.34. KB Home also was the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 16,683,905 shares, a decline of 24.1% from the July 31st total of 21,989,932 shares. Approximately 20.8% of the company’s stock are sold short. Based on an average daily volume of 2,325,635 shares, the days-to-cover ratio is currently 7.2 days.
KB Home (NYSE:KBH) last announced its earnings results on Friday, June 27th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that KB Home will post $1.30 earnings per share for the current fiscal year.
KBH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of KB Home in a research note on Monday, August 18th. They now have a $19.00 price target on the stock, up previously from $17.00. Separately, 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. Finally, 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.
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.