Beazer Homes USA (NYSE:BZH) was upgraded by Zacks from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $21.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 14.25% from the stock’s previous close.
According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “
Shares of Beazer Homes USA (NYSE:BZH) opened at 18.38 on Wednesday. Beazer Homes USA has a one year low of $14.20 and a one year high of $21.33. The stock’s 50-day moving average is $18. and its 200-day moving average is $17.. The company has a market cap of $486.70 million and a P/E ratio of 25.71.
Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. The company had revenue of $299.40 million for the quarter, compared to the consensus estimate of $293.56 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts predict that Beazer Homes USA will post $1.40 earnings per share for the current fiscal year.
A number of other firms have also recently commented on BZH. Analysts at Sterne Agee CRT reiterated a “buy” rating on shares of Beazer Homes USA in a research note on Saturday, May 23rd. Analysts at TheStreet upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, analysts at Compass Point reiterated a “neutral” rating and set a $19.00 price target on shares of Beazer Homes USA in a research note on Thursday, April 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Beazer Homes USA presently has a consensus rating of “Hold” and an average price target of $19.90.
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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