Shares of Forestar Group Inc. (NYSE:FOR) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price target of $17.75 for the company, according to Zacks. Zacks has also given Forestar Group an industry rank of 106 out of 255 based on the ratings given to its competitors.
In other news, insider Donald J. Tomnitz acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was bought at an average cost of $22.75 per share, for a total transaction of $102,375.00. Following the acquisition, the insider now directly owns 13,000 shares in the company, valued at $295,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 10,000 shares of company stock valued at $225,020. 0.13% of the stock is owned by company insiders.
NYSE FOR traded down $0.05 during mid-day trading on Friday, reaching $21.95. The stock had a trading volume of 16,700 shares, compared to its average volume of 106,528. Forestar Group has a 1 year low of $15.35 and a 1 year high of $26.39. The firm has a market cap of $891.20 million, a P/E ratio of 18.32 and a beta of 1.76. The company has a quick ratio of 24.48, a current ratio of 24.48 and a debt-to-equity ratio of 0.18.
Forestar Group Company Profile
Forestar Group Inc operates as a real estate development company. The company engages in the acquisition, entitlement, development, and sale of real estate, primarily single-family residential and mixed-use communities. It also sells residential lots to home builders; and commercial properties. As of December 31, 2017, Forestar Group Inc had 49 entitled, developed, or under development projects in 11 states and 16 markets planned for residential and commercial uses in the United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Forestar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group and related companies with MarketBeat.com's FREE daily email newsletter.