Beazer Homes USA (BZH) Debt Trading 2.8% Higher
An issue of Beazer Homes USA, Inc. (NYSE:BZH) bonds rose 2.8% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 5.875% coupon and is set to mature on October 15, 2027. The debt is now trading at $84.50 and was trading at $81.75 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
Several analysts have issued reports on BZH shares. ValuEngine cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, September 5th. JPMorgan Chase & Co. cut Beazer Homes USA from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $13.00 in a research report on Friday, September 21st. Wedbush dropped their target price on Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, September 26th. Finally, Credit Suisse Group dropped their target price on Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.25.
Shares of Beazer Homes USA stock traded up $2.55 during trading on Tuesday, reaching $10.87. The company’s stock had a trading volume of 4,615,940 shares, compared to its average volume of 573,253. The company has a debt-to-equity ratio of 2.28, a current ratio of 13.59 and a quick ratio of 1.23. The stock has a market capitalization of $290.94 million, a price-to-earnings ratio of 7.06 and a beta of 2.48. Beazer Homes USA, Inc. has a 1-year low of $8.16 and a 1-year high of $23.24.
About Beazer Homes USA (NYSE:BZH)
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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