KB Home (NYSE:KBH)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse Group in a research report issued on Monday, The Fly reports. They currently have a $38.00 price target on the construction company’s stock, up from their previous price target of $31.00. Credit Suisse Group’s price target suggests a potential upside of 9.00% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other brokerages have also weighed in on KBH. Wedbush lowered KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 target price on shares of KB Home in a research note on Friday, September 29th. MKM Partners restated a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of KB Home in a research note on Monday, October 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 target price (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price 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 given a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. KB Home presently has an average rating of “Hold” and an average price target of $29.07.
Shares of KB Home (NYSE KBH) traded down $0.13 on Monday, reaching $34.86. The company had a trading volume of 333,576 shares, compared to its average volume of 3,645,823. KB Home has a 52 week low of $15.88 and a 52 week high of $38.80. The stock has a market cap of $3,020.00, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.91 and a beta of 1.69. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21.
Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its position in KB Home by 34.9% in the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares during the last quarter. Flinton Capital Management LLC lifted its position in KB Home by 22.6% in the 1st quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock worth $110,000 after buying an additional 1,020 shares during the last quarter. AllSquare Wealth Management LLC bought a new stake in KB Home in the 3rd quarter worth approximately $113,000. Envestnet Asset Management Inc. lifted its position in KB Home by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after buying an additional 639 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in KB Home by 40.2% in the 1st quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after buying an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 96.76% 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.
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