Green Brick Partners (NASDAQ:GRBK) Price Target Cut to $18.50 by Analysts at JPMorgan Chase & Co.

Green Brick Partners (NASDAQ:GRBKGet Rating) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $20.00 to $18.50 in a research report issued to clients and investors on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.60% from the company’s previous close.

A number of other equities research analysts have also commented on GRBK. StockNews.com initiated coverage on Green Brick Partners in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Green Brick Partners from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, January 5th. Finally, B. Riley reduced their price objective on shares of Green Brick Partners from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.38.

NASDAQ GRBK opened at $19.19 on Wednesday. The company has a market cap of $974.08 million, a P/E ratio of 5.16 and a beta of 1.52. The company has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $24.34. The company has a current ratio of 7.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. Green Brick Partners has a 12-month low of $18.97 and a 12-month high of $32.25.

Green Brick Partners (NASDAQ:GRBKGet Rating) last posted its earnings results on Tuesday, March 1st. The financial services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.09 by $0.15. Green Brick Partners had a net margin of 13.56% and a return on equity of 25.09%. The company had revenue of $452.25 million during the quarter, compared to the consensus estimate of $389.40 million. During the same period in the previous year, the firm posted $0.58 earnings per share. Sell-side analysts predict that Green Brick Partners will post 4.24 EPS for the current year.

Several large investors have recently added to or reduced their stakes in GRBK. Byrne Asset Management LLC bought a new stake in Green Brick Partners during the fourth quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of Green Brick Partners during the 4th quarter worth $52,000. CWM LLC purchased a new position in Green Brick Partners in the fourth quarter worth $74,000. Advisor Group Holdings Inc. increased its stake in Green Brick Partners by 27.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,490 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 540 shares during the last quarter. Finally, Optimum Investment Advisors boosted its holdings in shares of Green Brick Partners by 114.1% in the 4th quarter. Optimum Investment Advisors now owns 3,212 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,712 shares in the last quarter. Institutional investors own 83.21% of the company’s stock.

Green Brick Partners Company Profile (Get Rating)

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

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