UBS Group Boosts KB Home (KBH) Price Target to $30.00

KB Home (NYSE:KBH) had its price objective raised by UBS Group from $25.00 to $30.00 in a research report released on Wednesday, 99wallstreet.com reports. The brokerage currently has a sell rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada increased their price objective on KB Home to $40.00 and gave the stock a sector perform rating in a report on Monday, January 15th. Buckingham Research cut KB Home from a neutral rating to an underperform rating and increased their price objective for the stock from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reissued a neutral rating and set a $31.00 price objective (up previously from $25.00) on shares of KB Home in a report on Thursday, January 11th. Zacks Investment Research raised KB Home from a hold rating to a strong-buy rating and set a $39.00 price target on the stock in a report on Tuesday, January 9th. Finally, Citigroup cut KB Home from a neutral rating to a sell rating and set a $27.00 price target on the stock. in a report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $28.60.

Shares of KB Home (NYSE:KBH) opened at $34.99 on Wednesday. The stock has a market capitalization of $3,028.38, a PE ratio of 19.12, a P/E/G ratio of 0.91 and a beta of 1.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 1-year low of $15.88 and a 1-year high of $38.80.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. analysts expect that KB Home will post 2.56 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in KB Home by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after acquiring an additional 492,594 shares during the last quarter. Dimensional Fund Advisors LP grew its position in KB Home by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after acquiring an additional 394,584 shares during the last quarter. State Street Corp grew its position in KB Home by 3.2% during the 2nd quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock worth $63,890,000 after acquiring an additional 83,179 shares during the last quarter. Capital World Investors grew its position in KB Home by 30.1% during the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after acquiring an additional 490,000 shares during the last quarter. Finally, Northern Trust Corp grew its position in KB Home by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,337,380 shares of the construction company’s stock worth $32,058,000 after acquiring an additional 25,523 shares during the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.

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KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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