KB Home (NYSE:KBH) received a $35.00 price target from equities research analysts at Mizuho in a research note issued on Thursday. The brokerage presently has a “hold” rating on the construction company’s stock. Mizuho’s price target points to a potential upside of 0.03% from the stock’s previous close.
Several other brokerages also recently weighed in on KBH. Buckingham Research downgraded shares of KB Home from a “neutral” rating to an “underperform” rating and lifted 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. Royal Bank of Canada lifted their target price on shares of KB Home to $40.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. UBS Group lifted their target price on shares of KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a report on Wednesday. Credit Suisse Group reaffirmed 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. Finally, Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, January 9th. Seven equities 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. The stock has a consensus rating of “Hold” and an average price target of $28.60.
Shares of KB Home (NYSE:KBH) traded down $0.02 during trading hours on Thursday, hitting $34.99. 2,039,919 shares of the stock traded hands, compared to its average volume of 2,563,432. The stock has a market capitalization of $3,026.64, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.91 and a beta of 1.70. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. KB Home has a 1-year low of $15.88 and a 1-year high of $38.80.
KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. sell-side analysts forecast that KB Home will post 2.56 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of KB Home in the fourth quarter valued at about $29,512,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in KB Home during the fourth quarter worth about $249,000. Schwab Charles Investment Management Inc. raised its position in KB Home by 7.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 559,402 shares of the construction company’s stock worth $17,873,000 after acquiring an additional 41,028 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in KB Home during the fourth quarter worth about $244,000. Finally, Atlantic Trust Group LLC acquired a new position in KB Home during the third quarter worth about $1,250,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
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.