KB Home’s (KBH) Neutral Rating Reaffirmed at Credit Suisse Group

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.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, topping the 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 company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts predict that KB Home will post 2.56 EPS for the current year.

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.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/22/kb-homes-kbh-neutral-rating-reaffirmed-at-credit-suisse-group.html.

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.

The Fly

Analyst Recommendations for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply