Forestar Group Inc (FOR) Given Consensus Rating of “Hold” by Analysts

Forestar Group Inc (NYSE:FOR) has received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $17.75 for the company and are expecting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Forestar Group an industry rank of 70 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of Forestar Group (FOR) traded up $0.95 during midday trading on Friday, hitting $21.90. 93,365 shares of the company’s stock were exchanged, compared to its average volume of 130,182. The company has a market capitalization of $899.59, a P/E ratio of 12.23 and a beta of 1.94. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18. Forestar Group has a fifty-two week low of $12.30 and a fifty-two week high of $23.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Forestar Group during the second quarter valued at approximately $149,000. Stifel Financial Corp increased its position in shares of Forestar Group by 1.8% during the second quarter. Stifel Financial Corp now owns 10,632 shares of the oil and gas exploration company’s stock valued at $182,000 after acquiring an additional 183 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Forestar Group during the second quarter valued at approximately $245,000. Municipal Employees Retirement System of Michigan increased its position in shares of Forestar Group by 102.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,780 shares of the oil and gas exploration company’s stock valued at $256,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Forestar Group during the third quarter valued at approximately $341,000. 79.72% of the stock is owned by institutional investors.

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About Forestar Group

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.

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