KB Home (NYSE:KBH) Given a $35.00 Price Target at Mizuho

Mizuho set a $35.00 price target on KB Home (NYSE:KBH) in a research report released on Thursday, January 18th. The brokerage currently has a hold rating on the construction company’s stock.

Several other equities analysts have also commented on the stock. Citigroup lowered shares of KB Home from a neutral rating to a sell rating and set a $27.00 price objective on the stock. in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of KB Home from a hold rating to a strong-buy rating and set a $39.00 target price on the stock in a report on Tuesday, January 9th. Royal Bank of Canada reiterated a hold rating and set a $31.00 target price on shares of KB Home in a report on Wednesday, November 15th. JPMorgan Chase & Co. reiterated an underweight rating and set a $27.00 target price (up from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of KB Home from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $29.07.

KB Home (NYSE KBH) traded up $0.72 during trading hours on Thursday, reaching $30.14. 1,327,361 shares of the company’s stock traded hands, compared to its average volume of 3,321,459. 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 $2,560.00, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. KB Home has a 12 month low of $15.96 and a 12 month high of $38.80.

KB Home (NYSE:KBH) last posted its earnings results 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. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.40 EPS. KB Home’s revenue was up 17.7% on a year-over-year basis. sell-side analysts anticipate that KB Home will post 2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is 5.46%.

In related news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after acquiring an additional 1,947 shares in the last quarter. AllSquare Wealth Management LLC purchased a new stake in shares of KB Home during the third quarter worth about $113,000. Strs Ohio purchased a new stake in shares of KB Home during the fourth quarter worth about $162,000. Suntrust Banks Inc. purchased a new stake in shares of KB Home during the fourth quarter worth about $208,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of KB Home during the fourth quarter worth about $244,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/12/kb-home-kbh-given-a-35-00-price-target-at-mizuho-updated-updated-updated.html.

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)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply