Forestar Group Inc (NYSE:FOR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Forestar Group Inc (NYSE:FOR) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.00.

Several brokerages have recently issued reports on FOR. JPMorgan Chase & Co. increased their price objective on shares of Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Citigroup increased their target price on Forestar Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Zacks Research upgraded Forestar Group from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Forestar Group in a research report on Wednesday, October 8th. Finally, Citizens Jmp increased their price objective on Forestar Group from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 29th.

Institutional Trading of Forestar Group

A number of institutional investors have recently made changes to their positions in FOR. Caitong International Asset Management Co. Ltd boosted its holdings in Forestar Group by 1,206.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 993 shares of the oil and gas exploration company’s stock worth $26,000 after purchasing an additional 917 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Forestar Group by 3,273.8% in the 2nd quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 1,375 shares in the last quarter. Signaturefd LLC increased its position in shares of Forestar Group by 119.1% in the first quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 823 shares during the last quarter. Comerica Bank raised its holdings in Forestar Group by 76.5% during the third quarter. Comerica Bank now owns 1,269 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 550 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Forestar Group by 201.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,105 shares of the oil and gas exploration company’s stock worth $42,000 after acquiring an additional 1,406 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Forestar Group Trading Up 5.9%

NYSE FOR opened at $24.59 on Monday. Forestar Group has a one year low of $18.00 and a one year high of $31.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 0.73. The firm has a market cap of $1.25 billion, a P/E ratio of 7.48 and a beta of 1.43. The stock’s 50-day moving average is $25.68 and its 200-day moving average is $24.00.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.53. The business had revenue of $670.50 million during the quarter, compared to analysts’ expectations of $556.59 million. Forestar Group had a return on equity of 10.08% and a net margin of 10.11%.Forestar Group’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. Forestar Group has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Forestar Group will post 3.44 earnings per share for the current fiscal year.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.