Wells Fargo & Co assumed coverage on shares of Forestar Group (NYSE:FOR) in a research note released on Monday, Benzinga reports. The brokerage issued an outperform rating and a $23.00 price target on the oil and gas exploration company’s stock.
Other equities research analysts have also issued research reports about the company. BTIG Research began coverage on Forestar Group in a research report on Monday, April 15th. They issued a buy rating and a $23.00 target price on the stock. Zacks Investment Research lowered Hancock Jaffe Laboratories from a buy rating to a hold rating in a research report on Wednesday, June 26th. Finally, Buckingham Research set a $30.00 target price on Andersons and gave the company a hold rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $21.60.
NYSE FOR opened at $20.20 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $18.57. Forestar Group has a one year low of $12.77 and a one year high of $25.95.
A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in Forestar Group by 33.5% during the fourth quarter. Rhumbline Advisers now owns 18,088 shares of the oil and gas exploration company’s stock worth $251,000 after acquiring an additional 4,539 shares during the last quarter. Prudential Financial Inc. boosted its position in Forestar Group by 6.8% during the fourth quarter. Prudential Financial Inc. now owns 14,712 shares of the oil and gas exploration company’s stock worth $204,000 after acquiring an additional 939 shares during the last quarter. GSA Capital Partners LLP boosted its position in Forestar Group by 165.2% during the fourth quarter. GSA Capital Partners LLP now owns 42,541 shares of the oil and gas exploration company’s stock worth $589,000 after acquiring an additional 26,500 shares during the last quarter. Geode Capital Management LLC boosted its position in Forestar Group by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 115,042 shares of the oil and gas exploration company’s stock worth $1,593,000 after acquiring an additional 8,551 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Forestar Group in the 4th quarter valued at about $175,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.
About Forestar Group
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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