KB Home (NYSE:KBH) Price Target Lowered to $50.00 at Wells Fargo & Company

KB Home (NYSE:KBHGet Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $55.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 2.60% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their price target on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citizens Jmp assumed coverage on shares of KB Home in a research note on Tuesday. They set an “outperform” rating and a $77.00 price objective on the stock. Zacks Research downgraded shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods decreased their price target on KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 23rd. Finally, Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 24th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and an average target price of $62.00.

Check Out Our Latest Stock Analysis on KBH

KB Home Stock Performance

Shares of NYSE KBH opened at $51.34 on Wednesday. The stock has a market capitalization of $3.24 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 7.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 5.77. The stock has a 50 day moving average price of $59.74 and a 200 day moving average price of $61.07. KB Home has a 52 week low of $48.90 and a 52 week high of $68.71.

KB Home (NYSE:KBHGet Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

Institutional Trading of KB Home

Several institutional investors have recently added to or reduced their stakes in the stock. Xponance Inc. raised its holdings in KB Home by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after purchasing an additional 163 shares during the last quarter. Vista Investment Management increased its position in shares of KB Home by 3.5% during the fourth quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after buying an additional 175 shares during the period. GHE LLC raised its stake in KB Home by 0.7% during the third quarter. GHE LLC now owns 30,983 shares of the construction company’s stock worth $1,972,000 after buying an additional 212 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in KB Home by 44.4% in the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after buying an additional 240 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

More KB Home News

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KB Home Company Profile

(Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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Analyst Recommendations for KB Home (NYSE:KBH)

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