KB Home (NYSE:KBH – Get Rating) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $49.00 to $39.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.47% from the stock’s current price.
Several other analysts have also issued reports on KBH. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Wednesday, March 16th. Royal Bank of Canada cut their price objective on KB Home from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. Barclays lowered their target price on shares of KB Home from $50.00 to $47.00 in a research report on Thursday, March 31st. Seaport Res Ptn raised shares of KB Home from a “neutral” rating to a “buy” rating in a research report on Friday, January 21st. Finally, KeyCorp lowered their target price on shares of KB Home from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has a consensus rating of “Buy” and a consensus target price of $49.85.
Shares of NYSE:KBH opened at $33.20 on Wednesday. KB Home has a 1 year low of $30.13 and a 1 year high of $52.48. The business has a fifty day simple moving average of $36.39 and a 200 day simple moving average of $40.10. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 5.12, a P/E/G ratio of 0.24 and a beta of 1.71.
Several large investors have recently modified their holdings of KBH. KRS Capital Management LLC acquired a new stake in shares of KB Home in the fourth quarter valued at about $29,000. Massmutual Trust Co. FSB ADV grew its position in KB Home by 1,375.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after buying an additional 839 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in KB Home by 50.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 902 shares of the construction company’s stock worth $35,000 after buying an additional 301 shares in the last quarter. Allegheny Financial Group LTD acquired a new stake in KB Home during the fourth quarter worth about $48,000. Finally, Acadian Asset Management LLC grew its position in KB Home by 36.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after buying an additional 426 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.
About KB Home (Get Rating)
KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.
- Get a free copy of the StockNews.com research report on KB Home (KBH)
- 3 Undervalued Easter Eggs to Watch For This Earnings Season
- Lululemon Rises On Wave Of Price Target Increases
- 3 Stellar Steel Stocks to Buy Now
- The Top Is In For Infosys
- Is Nvidia (NASDAQ: NVDA) About To Rip Higher?
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.