Wall Street Zen Upgrades Forestar Group (NYSE:FOR) to “Buy”

Forestar Group (NYSE:FOR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

FOR has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a research note on Wednesday, October 8th. JMP Securities set a $35.00 price target on Forestar Group in a research report on Wednesday, October 29th. Citizens Jmp upped their price objective on Forestar Group from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 29th. Zacks Research raised shares of Forestar Group from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Forestar Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Forestar Group Trading Down 1.0%

Shares of NYSE FOR opened at $25.52 on Friday. The business’s 50 day moving average price is $25.51 and its 200-day moving average price is $24.15. Forestar Group has a fifty-two week low of $18.00 and a fifty-two week high of $30.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 1.33. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 7.76 and a beta of 1.43.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.53. Forestar Group had a net margin of 10.11% and a return on equity of 10.08%. The firm had revenue of $670.50 million during the quarter, compared to analysts’ expectations of $556.59 million. During the same quarter in the prior year, the company earned $1.60 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. Forestar Group has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Forestar Group will post 3.44 earnings per share for the current year.

Institutional Trading of Forestar Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Forestar Group by 1,206.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 993 shares of the oil and gas exploration company’s stock valued at $26,000 after purchasing an additional 917 shares during the last quarter. Allworth Financial LP raised its position in shares of Forestar Group by 3,273.8% in the 2nd quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,375 shares during the period. Comerica Bank boosted its holdings in Forestar Group by 76.5% in the third quarter. Comerica Bank now owns 1,269 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 550 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Forestar Group by 201.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,105 shares of the oil and gas exploration company’s stock valued at $42,000 after acquiring an additional 1,406 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Forestar Group by 43.1% during the 2nd quarter. Signaturefd LLC now owns 2,166 shares of the oil and gas exploration company’s stock worth $43,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Company Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.