KB Home (KBH) PT Lowered to $22.00 at Wedbush

KB Home (NYSE:KBH) had its price target lowered by Wedbush from $23.00 to $22.00 in a report released on Thursday. The firm currently has a “neutral” rating on the construction company’s stock. Wedbush’s price target suggests a potential upside of 3.92% from the company’s current price. Wedbush also issued estimates for KB Home’s Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $1.00 EPS and Q2 2020 earnings at $0.59 EPS.

KBH has been the topic of a number of other research reports. ValuEngine cut shares of KB Home from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Royal Bank of Canada set a $23.00 target price on shares of KB Home and gave the company a “hold” rating in a research note on Thursday, November 15th. Barclays set a $20.00 target price on shares of KB Home and gave the company a “hold” rating in a research note on Wednesday, December 12th. Bank of America lowered shares of KB Home from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research note on Thursday, November 15th. Finally, Wells Fargo & Co lowered their target price on shares of KB Home from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. KB Home currently has an average rating of “Hold” and a consensus target price of $26.78.

KBH stock opened at $21.17 on Thursday. KB Home has a twelve month low of $16.82 and a twelve month high of $38.16. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.47 and a beta of 1.46.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. KB Home had a net margin of 3.75% and a return on equity of 14.61%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post 3.02 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in KB Home by 0.8% in the third quarter. BlackRock Inc. now owns 10,413,684 shares of the construction company’s stock worth $248,990,000 after acquiring an additional 79,827 shares during the period. Vanguard Group Inc. lifted its stake in KB Home by 2.5% in the third quarter. Vanguard Group Inc. now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after acquiring an additional 198,509 shares during the period. Vanguard Group Inc lifted its stake in KB Home by 2.5% in the third quarter. Vanguard Group Inc now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after acquiring an additional 198,509 shares during the period. Dimensional Fund Advisors LP lifted its stake in KB Home by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,847,786 shares of the construction company’s stock worth $68,090,000 after acquiring an additional 63,964 shares during the period. Finally, Northern Trust Corp lifted its stake in KB Home by 5.7% in the second quarter. Northern Trust Corp now owns 2,047,845 shares of the construction company’s stock worth $55,784,000 after acquiring an additional 109,984 shares during the period. 86.39% of the stock is owned by institutional investors.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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