KB Home (KBH) Stock Rating Reaffirmed by Credit Suisse Group

KB Home (NYSE:KBH)‘s stock had its “sell” rating restated by stock analysts at Credit Suisse Group in a report issued on Thursday. They presently have a $17.00 price objective on the construction company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 19.70% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Co decreased their price target on shares of KB Home from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, November 15th. Bank of America lifted their price target on shares of KB Home from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. MKM Partners set a $32.00 price target on shares of KB Home and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Raymond James upgraded shares of KB Home from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Thursday, September 27th. Finally, Zacks Investment Research downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.78.

KBH opened at $21.17 on Thursday. KB Home has a fifty-two week low of $16.82 and a fifty-two week high of $38.16. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.03. KB Home had a net margin of 3.75% and a return on equity of 14.61%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Equities analysts forecast that KB Home will post 3.02 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new position in shares of KB Home in the second quarter valued at about $115,000. Cerebellum GP LLC raised its holdings in shares of KB Home by 57.2% in the fourth quarter. Cerebellum GP LLC now owns 10,141 shares of the construction company’s stock valued at $194,000 after buying an additional 3,688 shares during the last quarter. GAM Holding AG bought a new position in shares of KB Home in the third quarter valued at about $225,000. Tower Research Capital LLC TRC raised its holdings in shares of KB Home by 989.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,661 shares of the construction company’s stock valued at $231,000 after buying an additional 8,774 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of KB Home in the third quarter valued at about $239,000. 86.39% of the stock is owned by institutional investors and hedge funds.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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