KB Home’s (KBH) Outperform Rating Reiterated at Raymond James

KB Home (NYSE:KBH)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a research report issued on Tuesday,Benzinga reports. They presently have a $80.00 price target on the construction company’s stock, down from their previous price target of $93.00. Raymond James’ price objective suggests a potential upside of 17.84% from the company’s current price.

A number of other equities research analysts have also recently weighed in on KBH. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Bank of America decreased their price target on KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.63.

KB Home Price Performance

Shares of NYSE KBH opened at $67.89 on Tuesday. The company has a 50 day simple moving average of $72.26 and a 200-day simple moving average of $78.04. The company has a market capitalization of $4.98 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.91 and a beta of 1.86. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. As a group, research analysts expect that KB Home will post 8.67 EPS for the current year.

Institutional Trading of KB Home

Hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in shares of KB Home in the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of KB Home during the third quarter worth $43,000. Versant Capital Management Inc grew its stake in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home in the third quarter valued at $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the third quarter valued at $61,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.