KB Home (NYSE:KBH) had its price objective increased by Royal Bank of Canada to $40.00 in a report issued on Monday. The firm currently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 8.17% from the stock’s current price.
Other research analysts also recently issued research reports about the company. BTIG Research reiterated a “sell” rating and issued a $16.00 price objective on shares of KB Home in a report on Monday, October 2nd. UBS Group assumed coverage on KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $31.00 price objective (up previously from $25.00) on shares of KB Home in a report on Thursday. Finally, Wedbush reiterated a “buy” rating and issued a $26.00 price objective on shares of KB Home in a report on Friday, September 22nd. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.81.
Shares of KB Home (NYSE KBH) opened at $36.98 on Monday. KB Home has a 12-month low of $15.88 and a 12-month high of $38.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The firm has a market capitalization of $3,200.00, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.69.
KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. equities research analysts forecast that KB Home will post 2.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AllSquare Wealth Management LLC bought a new stake in shares of KB Home in the third quarter worth about $113,000. Victory Capital Management Inc. grew its stake in shares of KB Home by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after purchasing an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of KB Home in the second quarter worth about $201,000. Greenwood Capital Associates LLC bought a new stake in shares of KB Home in the third quarter worth about $207,000. Finally, Shelton Capital Management bought a new stake in shares of KB Home in the second quarter worth about $209,000. 96.73% of the stock is currently owned by institutional investors.
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KB Home Company Profile
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.