KB Home (KBH) Price Target Raised to $30.00

KB Home (NYSE:KBH) had its price objective upped by UBS Group from $25.00 to $30.00 in a research note issued on Wednesday, 99wallstreet.com reports. The brokerage currently has a “sell” rating on the construction company’s stock. UBS Group’s price objective points to a potential downside of 15.13% from the stock’s previous close.

KBH has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on KB Home to $40.00 and gave the company a “sector perform” rating in a report on Monday. Buckingham Research downgraded KB Home from a “neutral” rating to an “underperform” rating and upped their target price for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and issued a $31.00 target price (up previously from $25.00) on shares of KB Home in a report on Thursday, January 11th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Tuesday, January 9th. Finally, Citigroup downgraded KB Home from a “neutral” rating to a “sell” rating and set a $27.00 target price on the stock. in a report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.67.

KB Home (NYSE:KBH) traded down $1.63 during mid-day trading on Wednesday, reaching $35.35. 3,425,000 shares of the company’s stock were exchanged, compared to its average volume of 3,972,780. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21. KB Home has a 52 week low of $15.88 and a 52 week high of $38.80. The stock has a market capitalization of $3,070.00, a price-to-earnings ratio of 25.43, a PEG ratio of 1.01 and a beta of 1.69.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. analysts forecast that KB Home will post 2.42 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its holdings in KB Home by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,426 shares of the construction company’s stock worth $219,000 after buying an additional 94 shares during the last quarter. Amalgamated Bank increased its holdings in KB Home by 2.5% in the second quarter. Amalgamated Bank now owns 11,945 shares of the construction company’s stock worth $286,000 after buying an additional 289 shares during the last quarter. Victory Capital Management Inc. increased its holdings in 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 buying an additional 1,241 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in KB Home by 1.9% in the second quarter. Mutual of America Capital Management LLC now owns 69,000 shares of the construction company’s stock worth $1,654,000 after buying an additional 1,319 shares during the last quarter. Finally, Stevens First Principles Investment Advisors increased its holdings in KB Home by 24.4% in the third quarter. Stevens First Principles Investment Advisors now owns 9,880 shares of the construction company’s stock worth $238,000 after buying an additional 1,940 shares during the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.

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About KB Home

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.

Analyst Recommendations for KB Home (NYSE:KBH)

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