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.
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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