KB Home (KBH) Price Target Raised to $40.00

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.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. equities research analysts forecast that KB Home will post 2.48 EPS for the current year.

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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