KE Holdings Inc. (NYSE:BEKE) Receives Consensus Recommendation of “Hold” from Analysts

KE Holdings Inc. (NYSE:BEKE) has been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.77.

BEKE has been the topic of several research analyst reports. HSBC downgraded shares of KE from a “buy” rating to a “hold” rating and set a $19.90 price objective on the stock. in a research note on Friday, August 13th. Credit Suisse Group downgraded shares of KE from an “outperform” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Thursday, August 12th. JPMorgan Chase & Co. upgraded shares of KE from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $21.00 to $30.00 in a research note on Tuesday, November 9th. Zacks Investment Research cut KE from a “hold” rating to a “strong sell” rating in a report on Thursday, November 18th. Finally, The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $19.30 in a report on Monday, August 16th.

Shares of BEKE traded up $0.88 during midday trading on Friday, hitting $22.18. The stock had a trading volume of 7,505,886 shares, compared to its average volume of 8,174,235. KE has a fifty-two week low of $15.15 and a fifty-two week high of $78.00. The business has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $30.19. The firm has a market cap of $19.87 billion, a P/E ratio of 123.23 and a beta of -1.34.

KE (NYSE:BEKE) last announced its earnings results on Monday, November 8th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.69). The firm had revenue of $18.10 billion during the quarter, compared to analyst estimates of $15.28 billion. KE had a return on equity of 2.17% and a net margin of 1.73%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, equities analysts anticipate that KE will post -0.05 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in BEKE. Stifel Financial Corp bought a new position in shares of KE in the first quarter valued at about $310,000. Dimensional Fund Advisors LP bought a new stake in KE during the 1st quarter worth about $908,000. Ameriprise Financial Inc. grew its position in shares of KE by 2.4% during the 1st quarter. Ameriprise Financial Inc. now owns 64,428 shares of the company’s stock worth $3,671,000 after buying an additional 1,528 shares during the period. AQR Capital Management LLC grew its position in shares of KE by 170.4% during the 1st quarter. AQR Capital Management LLC now owns 109,121 shares of the company’s stock worth $6,217,000 after buying an additional 68,762 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of KE by 37.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 96,642 shares of the company’s stock worth $5,493,000 after buying an additional 26,500 shares during the period.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

Further Reading: CAC 40 Index

Analyst Recommendations for KE (NYSE:BEKE)

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