Forestar Group (NYSE:FOR) Upgraded at Zacks Research

Zacks Research upgraded shares of Forestar Group (NYSE:FOR) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

A number of other equities analysts have also commented on FOR. Citizens Jmp lifted their price objective on Forestar Group from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. JMP Securities set a $35.00 price objective on shares of Forestar Group in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Forestar Group in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Forestar Group currently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Forestar Group Stock Performance

Forestar Group stock opened at $26.06 on Thursday. The business has a 50 day moving average of $25.72 and a 200-day moving average of $25.89. The company has a market capitalization of $1.33 billion, a P/E ratio of 7.97 and a beta of 1.42. Forestar Group has a 1 year low of $18.00 and a 1 year high of $29.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, January 20th. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. Forestar Group had a net margin of 9.90% and a return on equity of 9.76%. The firm had revenue of $273.00 million for the quarter, compared to analyst estimates of $265.48 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Forestar Group will post 3.44 earnings per share for the current year.

Institutional Investors Weigh In On Forestar Group

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Forestar Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,813,034 shares of the oil and gas exploration company’s stock worth $69,285,000 after acquiring an additional 43,440 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Forestar Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,759,879 shares of the oil and gas exploration company’s stock worth $73,385,000 after purchasing an additional 14,641 shares in the last quarter. American Century Companies Inc. grew its position in Forestar Group by 5.5% in the 3rd quarter. American Century Companies Inc. now owns 702,223 shares of the oil and gas exploration company’s stock worth $18,672,000 after purchasing an additional 36,626 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Forestar Group by 3.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 537,269 shares of the oil and gas exploration company’s stock valued at $14,286,000 after buying an additional 17,000 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Forestar Group by 232.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 529,863 shares of the oil and gas exploration company’s stock worth $10,597,000 after buying an additional 370,685 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

More Forestar Group News

Here are the key news stories impacting Forestar Group this week:

• Positive Sentiment: Zacks upgraded FOR from “Hold” to “Strong Buy” and added the stock to its top-ranked lists (momentum and value), increasing short-term buy-side interest. Zacks Upgrade
• Positive Sentiment: Analyst consensus and Zacks coverage point to meaningful upside — a recent compilation of analyst targets shows an implied ~27.6% average upside from current levels, which supports buy-side optimism. Analyst Price Target Summary
• Positive Sentiment: Quarterly results showed revenue and EPS ahead of consensus (revenue beat despite some softness in lot sales), which supports the fundamental case. Citizens Highlights Revenue Beat
• Neutral Sentiment: Market technicians note FOR recently traded above its 200-day moving average — a bullish technical sign but one that can attract short-term momentum traders rather than change fundamentals. 200-Day Moving Average Note
• Neutral Sentiment: Analyst coverage remains generally positive but measured — the stock carries an average “Moderate Buy” consensus, so expectations are not uniformly aggressive. Analyst Consensus
• Negative Sentiment: Outlooks remain tempered by ongoing housing headwinds and a “mixed” valuation assessment following the quarter — these factors could limit upside if housing demand softens further. Valuation & Housing Headwinds
• Negative Sentiment: The company reported lower lot sales even as revenue beat, highlighting execution and demand risks that could pressure future results and valuations. Lot Sales Risk

Forestar Group Company Profile

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar’s integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.