Credit Suisse Group reissued their sell rating on shares of KB Home (NYSE:KBH) in a report published on Thursday. The brokerage currently has a $17.00 price target on the construction company’s stock.

Several other research firms also recently issued reports on KBH. Evercore ISI upgraded KB Home from an in-line rating to an outperform rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Barclays cut their price objective on KB Home from $27.00 to $21.00 and set an equal weight rating on the stock in a report on Thursday, November 15th. Bank of America boosted their price objective on KB Home from $37.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, September 26th. Wedbush cut their price objective on KB Home from $23.00 to $22.00 and set a neutral rating on the stock in a report on Thursday. Finally, Raymond James upgraded KB Home from a market perform rating to an outperform rating and set a $30.00 price objective on the stock in a report on Thursday, September 27th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. KB Home has an average rating of Hold and a consensus price target of $26.78.

Shares of NYSE KBH opened at $21.17 on Thursday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. KB Home has a twelve month low of $16.82 and a twelve month high of $38.16.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 9th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. KB Home had a return on equity of 14.61% and a net margin of 3.75%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Equities research analysts anticipate that KB Home will post 3.02 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of KB Home in the 3rd quarter valued at about $262,000. Russell Investments Group Ltd. increased its holdings in shares of KB Home by 17.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 122,108 shares of the construction company’s stock valued at $2,919,000 after purchasing an additional 17,871 shares during the period. SG Americas Securities LLC increased its holdings in shares of KB Home by 601.0% in the 3rd quarter. SG Americas Securities LLC now owns 271,393 shares of the construction company’s stock valued at $6,489,000 after purchasing an additional 232,680 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of KB Home by 2,112.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 157,100 shares of the construction company’s stock valued at $3,890,000 after purchasing an additional 150,000 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of KB Home by 283.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,289,413 shares of the construction company’s stock valued at $30,829,000 after purchasing an additional 953,079 shares during the period. Institutional investors own 86.39% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Analyst Recommendations for KB Home (NYSE:KBH)

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