KB Home (NYSE:KBH) had its target price boosted by Royal Bank of Canada to $40.00 in a research report released on Monday morning. Royal Bank of Canada currently has a sector perform rating on the construction company’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised KB Home from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Friday, September 22nd. Wedbush reaffirmed a buy rating and set a $26.00 price target on shares of KB Home in a research report on Friday, September 22nd. Deutsche Bank reaffirmed a hold rating and set a $24.00 price target (up previously from $23.00) on shares of KB Home in a research report on Monday, October 2nd. KeyCorp reaffirmed a hold rating on shares of KB Home in a research report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $24.00 price target on shares of KB Home in a research report on Friday, September 29th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. KB Home currently has a consensus rating of Hold and a consensus price target of $28.60.
KB Home (KBH) traded down $0.86 during trading on Monday, hitting $35.01. The stock had a trading volume of 2,649,300 shares, compared to its average volume of 3,779,158. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The firm has a market cap of $3,000.00, a PE ratio of 25.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.69. KB Home has a 52-week low of $15.88 and a 52-week high of $38.80.
Several hedge funds have recently modified their holdings of KBH. AllSquare Wealth Management LLC acquired a new position in shares of KB Home in the 3rd quarter valued at about $113,000. Victory Capital Management Inc. lifted its holdings in shares of KB Home by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after buying an additional 1,241 shares during the period. Yorktown Management & Research Co Inc purchased a new position in shares of KB Home in the 2nd quarter valued at about $201,000. Greenwood Capital Associates LLC purchased a new position in shares of KB Home in the 3rd quarter valued at about $207,000. Finally, Zacks Investment Management purchased a new position in shares of KB Home in the 2nd quarter valued at about $209,000. 96.73% of the stock is owned by institutional investors and hedge funds.
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About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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