Several brokerages have updated their recommendations and price targets on shares of KB Home (NYSE: KBH) in the last few weeks:

  • 10/4/2017 – KB Home was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “KB Home came up with stellar quarterly results once again on solid housing fundamentals. Earnings and sales surpassed analysts’ expectations by 8.5% and 2.1%, respectively, in third-quarter fiscal 2017. The company reported impressive 25.3% growth in revenues banking on an 11% increase in deliveries. Earnings in the quarter grew more than 21% year over year, helped by solid margins. Its adjusted housing gross profit margin improved 50 basis points (bps). This was primarily attributed to 12% rise in average selling price. Also, adjusted homebuilding operating margin surged 140 bps. The upside was primarily driven by an ongoing housing market recovery and favorable industry fundamentals. The company also expects the uptrend to continue to 2018. KB Home shares have widely outperformed the homebuilding industry, year to date. Also, the trend in current-year earnings estimate revisions is satisfactory. Estimates moved upward over the past seven days.<“
  • 10/2/2017 – KB Home had its “sell” rating reaffirmed by analysts at BTIG Research. They now have a $16.00 price target on the stock.
  • 10/2/2017 – KB Home had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $24.00 price target on the stock, up previously from $23.00.
  • 10/2/2017 – KB Home had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $26.00 price target on the stock, up previously from $24.00.
  • 9/29/2017 – KB Home was upgraded by analysts at Mizuho from an “underperform” rating to a “neutral” rating. They now have a $21.00 price target on the stock.
  • 9/29/2017 – KB Home had its price target raised by analysts at Credit Suisse Group from $24.00 to $25.00. They now have a “neutral” rating on the stock.
  • 9/29/2017 – KB Home had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $22.00 price target on the stock, up previously from $21.00.
  • 9/29/2017 – KB Home had its price target raised by analysts at Barclays PLC from $17.00 to $18.00. They now have an “underweight” rating on the stock.
  • 9/29/2017 – KB Home had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $24.00 price target on the stock.
  • 9/26/2017 – KB Home had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/25/2017 – KB Home was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KB Home shares have outperformed its industry, year to date. It has formulated the right strategy to boost scale in existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings, while simultaneously generating positive cash flow to invest in growth and debt reduction. The company’s first half of fiscal 2017 results show an impressive 22% growth in revenues and a double-digit increase in deliveries and housing revenues along with 58% surge in profit level. Strong orders in value (up 21.8%) and backlog (up 19%) in the first half also bode well. However, higher construction and labor costs, rising interest rate as well as competitive pricing pressure are pressing concerns.”
  • 9/22/2017 – KB Home had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $26.00 price target on the stock.
  • 9/22/2017 – KB Home was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “KB Home shares have outperformed its industry, year to date. It has formulated the right strategy to boost scale in existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings, while simultaneously generating positive cash flow to invest in growth and debt reduction. The company’s first half of fiscal 2017 results show an impressive 22% growth in revenues and a double-digit increase in deliveries and housing revenues along with 58% surge in profit level. Strong orders in value (up 21.8%) and backlog (up 19%) in the first half also bode well. However, higher construction and labor costs, rising interest rate as well as competitive pricing pressure are pressing concerns.”
  • 9/16/2017 – KB Home had its “ourperform” rating reaffirmed by analysts at Wedbush. They now have a $26.00 price target on the stock.
  • 9/5/2017 – KB Home was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KB Home shares have outperformed its industry, year to date. It has formulated the right strategy to boost scale in existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings, while simultaneously generating positive cash flow to invest in growth and debt reduction. The company’s first half of fiscal 2017 results show an impressive 22% growth in revenues and a double-digit increase in deliveries and housing revenues along with 58% surge in profit level. Strong orders in value (up 21.8%) and backlog (up 19%) in the first half also bode well. However, higher construction and labor costs, rising interest rate as well as competitive pricing pressure are pressing concerns.”
  • 9/5/2017 – KB Home had its “neutral” rating reaffirmed by analysts at MKM Partners.
  • 8/29/2017 – KB Home had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $25.00 price target on the stock.
  • 8/19/2017 – KB Home was given a new $24.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 8/11/2017 – KB Home was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

KB Home (NYSE KBH) traded up 0.75% during midday trading on Thursday, hitting $25.56. The company had a trading volume of 2,012,458 shares. The stock has a market capitalization of $2.20 billion, a PE ratio of 18.27 and a beta of 1.54. The stock has a 50 day moving average price of $21.95 and a 200-day moving average price of $21.74. KB Home has a 52 week low of $14.06 and a 52 week high of $25.68.

KB Home (NYSE:KBH) last announced its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts predict that KB Home will post $1.73 EPS for the current year.

In other KB Home news, insider Jeffrey T. Mezger sold 400,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the sale, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the sale, the senior vice president now owns 214,306 shares in the company, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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