FY2016 Earnings Estimate for Forestar Group Inc. Issued By DA Davidson (FOR)
Forestar Group Inc. (NYSE:FOR) – Research analysts at DA Davidson upped their FY2016 EPS estimates for shares of Forestar Group in a report released on Thursday. DA Davidson analyst S. Chercover now expects that the brokerage will post earnings per share of $1.62 for the year, up from their prior forecast of $0.32. DA Davidson also issued estimates for Forestar Group’s Q4 2016 earnings at $1.07 EPS.
Separately, Zacks Investment Research raised Forestar Group from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, October 11th.
Forestar Group (NYSE:FOR) opened at 12.60 on Monday. The firm has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.94. Forestar Group has a one year low of $7.95 and a one year high of $13.98. The firm has a market cap of $429.63 million, a PE ratio of 72.41 and a beta of 1.70.
Several institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. bought a new position in Forestar Group during the second quarter worth approximately $830,000. Lee Danner & Bass Inc. raised its position in Forestar Group by 16.0% in the second quarter. Lee Danner & Bass Inc. now owns 94,500 shares of the oil and gas exploration company’s stock worth $1,124,000 after buying an additional 13,000 shares during the last quarter. California State Teachers Retirement System raised its position in Forestar Group by 0.6% in the second quarter. California State Teachers Retirement System now owns 71,685 shares of the oil and gas exploration company’s stock worth $852,000 after buying an additional 438 shares during the last quarter. Prudential Financial Inc. raised its position in Forestar Group by 4.3% in the first quarter. Prudential Financial Inc. now owns 80,049 shares of the oil and gas exploration company’s stock worth $1,044,000 after buying an additional 3,300 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Forestar Group during the second quarter worth approximately $238,000.
About Forestar Group
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.
Receive News & Stock Ratings for Forestar Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group Inc. and related stocks with our FREE daily email newsletter.