KB Home (NYSE:KBH) had its price target lifted by investment analysts at UBS Group from $25.00 to $30.00 in a research note issued on Wednesday, 99wallstreet.com reports. The firm currently has a “sell” rating on the construction company’s stock. UBS Group’s target price indicates a potential downside of 15.13% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of KB Home to $40.00 and gave the company a “sector perform” rating in a research report on Monday. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and set a $31.00 price target (up previously from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research report on Tuesday, January 9th. Finally, Citigroup cut shares of KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price target for the company. in a research report on Tuesday, January 2nd. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.67.

KB Home (KBH) traded down $1.63 on Wednesday, reaching $35.35. 3,425,000 shares of the company’s stock traded hands, compared to its average volume of 3,972,780. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21. The firm has a market cap of $3,070.00, a PE ratio of 25.43, a PEG ratio of 1.01 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 posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. sell-side analysts expect that KB Home will post 2.42 EPS for the current fiscal year.

Several large investors have recently modified their holdings of KBH. Schwab Charles Investment Management Inc. grew its position in shares of KB Home by 14.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 477,958 shares of the construction company’s stock worth $11,457,000 after buying an additional 58,624 shares during the period. Legal & General Group Plc boosted its stake in KB Home by 18.9% during the 2nd quarter. Legal & General Group Plc now owns 64,665 shares of the construction company’s stock worth $1,552,000 after acquiring an additional 10,262 shares during the last quarter. Victory Capital Management Inc. boosted its stake in KB Home by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after acquiring an additional 1,241 shares during the last quarter. Principal Financial Group Inc. boosted its stake in KB Home by 7.8% during the 2nd quarter. Principal Financial Group Inc. now owns 362,697 shares of the construction company’s stock worth $8,694,000 after acquiring an additional 26,395 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in KB Home by 0.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 14,426 shares of the construction company’s stock worth $219,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 96.73% of the company’s stock.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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