Mizuho Reiterates “$35.00” Price Target for KB Home (KBH)

Mizuho set a $35.00 target price on KB Home (NYSE:KBH) in a research note published on Thursday. The brokerage currently has a hold rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on KBH. Credit Suisse Group upped their price objective on shares of KB Home from $24.00 to $25.00 and gave the company a neutral rating in a report on Friday, September 29th. Barclays upped their price objective on shares of KB Home from $17.00 to $18.00 and gave the company an underweight rating in a report on Friday, September 29th. Buckingham Research lowered shares of KB Home from a neutral rating to an underperform rating and upped their price objective for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. UBS Group upped their price objective on shares of KB Home from $25.00 to $30.00 and gave the company a sell rating in a report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $24.00 price objective on shares of KB Home in a report on Friday, September 29th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. KB Home currently has a consensus rating of Hold and an average target price of $28.60.

Shares of KB Home (NYSE:KBH) traded down $0.02 on Thursday, hitting $34.99. 2,045,800 shares of the company were exchanged, compared to its average volume of 3,645,823. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. KB Home has a 12-month low of $15.88 and a 12-month high of $38.80. The stock has a market capitalization of $3,026.65, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.91 and a beta of 1.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. KB Home’s quarterly revenue was up 17.7% on a year-over-year basis. equities analysts anticipate that KB Home will post 2.56 EPS for the current year.

A number of hedge funds have recently made changes to their positions in KBH. AllSquare Wealth Management LLC purchased a new position in KB Home during the third quarter worth about $113,000. Victory Capital Management Inc. boosted its stake in KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after buying an additional 1,241 shares during the period. Greenwood Capital Associates LLC purchased a new position in KB Home during the third quarter worth about $207,000. Zacks Investment Management purchased a new position in KB Home during the second quarter worth about $209,000. Finally, Shelton Capital Management purchased a new position in shares of KB Home in the second quarter valued at approximately $209,000. 96.76% of the stock is owned by institutional investors.

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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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