KB Home (KBH) Price Target Raised to $30.00 at UBS Group

KB Home (NYSE:KBH) had its price target increased by UBS Group from $25.00 to $30.00 in a report released on Wednesday, 99wallstreet.com reports. They currently have a sell rating on the construction company’s stock.

KBH has been the topic of several other reports. BTIG Research reissued a sell rating and issued a $16.00 price objective on shares of KB Home in a research note on Monday, October 2nd. Zacks Investment Research cut shares of KB Home from a buy rating to a hold rating in a research note on Monday, December 4th. Credit Suisse Group reissued a neutral rating and issued a $31.00 price objective (up from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Wedbush reissued a buy rating and issued a $26.00 price objective on shares of KB Home in a research note on Friday, September 22nd. Finally, Buckingham Research cut shares of KB Home from a neutral rating to an underperform rating and boosted their price objective for the company from $28.00 to $34.00 in a research note on Friday, January 12th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $28.60.

Shares of KB Home (KBH) traded down $0.02 on Wednesday, reaching $34.99. 2,039,919 shares of the company’s stock traded hands, compared to its average volume of 2,563,432. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21. The firm has a market cap of $3,026.64, a PE ratio of 19.12, a P/E/G ratio of 0.91 and a beta of 1.70. KB Home has a 12 month low of $15.88 and a 12 month high of $38.80.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a net margin of 4.13% and a return on equity of 9.93%. KB Home’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. sell-side analysts anticipate that KB Home will post 2.56 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its position in shares of KB Home by 1.0% during the 3rd quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock worth $16,726,000 after purchasing an additional 6,570 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of KB Home by 18.6% during the 2nd quarter. Voya Investment Management LLC now owns 35,115 shares of the construction company’s stock worth $842,000 after purchasing an additional 5,497 shares in the last quarter. American International Group Inc. boosted its position in shares of KB Home by 3.0% during the 3rd quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock worth $5,470,000 after purchasing an additional 6,581 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of KB Home by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of KB Home during the 3rd quarter worth $648,000. Institutional investors own 96.73% of the company’s stock.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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