Analysts Expect Forestar Group Inc (FOR) to Post $0.12 EPS
Shares of Forestar Group Inc (NYSE:FOR) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus price target of $17.75 for the company and are forecasting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Forestar Group an industry rank of 50 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine downgraded Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Forestar Group (FOR) traded down $0.55 during midday trading on Friday, reaching $21.45. The company’s stock had a trading volume of 69,721 shares, compared to its average volume of 192,103. The company has a current ratio of 26.13, a quick ratio of 26.13 and a debt-to-equity ratio of 0.18. The firm has a market cap of $899.59 and a P/E ratio of 11.98. Forestar Group has a 12-month low of $15.61 and a 12-month high of $23.00.
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About Forestar Group
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
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