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.
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.
