Forestar Group (NYSE:FOR) Stock Rating Upgraded by Zacks Research

Forestar Group (NYSE:FOR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on FOR. JMP Securities set a $35.00 price objective on shares of Forestar Group in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citizens Jmp upped their price target on shares of Forestar Group from $30.00 to $35.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Forestar Group currently has a consensus rating of “Moderate Buy” and an average target price of $32.40.

Forestar Group Stock Up 0.8%

Forestar Group stock opened at $26.06 on Thursday. The firm has a 50 day moving average price of $25.72 and a 200-day moving average price of $25.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Forestar Group has a twelve month low of $18.00 and a twelve month high of $29.44. The company has a market capitalization of $1.33 billion, a P/E ratio of 7.97 and a beta of 1.42.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, January 20th. The oil and gas exploration company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.21 by $0.09. Forestar Group had a return on equity of 9.76% and a net margin of 9.90%.The business had revenue of $273.00 million for the quarter, compared to the consensus estimate of $265.48 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Forestar Group’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Forestar Group will post 3.44 EPS for the current year.

Institutional Trading of Forestar Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Forestar Group by 1,206.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 993 shares of the oil and gas exploration company’s stock valued at $26,000 after purchasing an additional 917 shares in the last quarter. Allworth Financial LP raised its position in shares of Forestar Group by 3,273.8% in the second quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,375 shares in the last quarter. Comerica Bank boosted its stake 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 valued at $34,000 after buying an additional 550 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 valued at $42,000 after buying an additional 1,406 shares during the period. Finally, Signaturefd LLC grew its position in Forestar Group by 43.1% during the second quarter. Signaturefd LLC now owns 2,166 shares of the oil and gas exploration company’s stock worth $43,000 after buying an additional 652 shares in the last quarter. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Forestar Group

Here are the key news stories impacting Forestar Group this week:

• Positive Sentiment: Technical breakout — Forestar is reported to have passed above its 200-day moving average, a bullish technical signal that can attract momentum traders and systematic funds. Forestar Group (NYSE:FOR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?
• Positive Sentiment: Analyst sentiment — Coverage shows an average rating of “Moderate Buy,” which supports continued investor interest and can underpin price support. Forestar Group Inc (NYSE:FOR) Given Average Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Analyst price-target upside — A Zacks summary notes the mean analyst price target implies roughly 27.6% upside, which can drive buy-side interest and speculative positioning. Wall Street Analysts Think Forestar Group (FOR) Could Surge 27.61%: Read This Before Placing a Bet
• Positive Sentiment: Zacks momentum recognition — FOR was added to Zacks’ Rank #1 (Strong Buy) momentum list, which may attract momentum-focused investors and increase short-term flows. Best Momentum Stocks to Buy for January 30th
• Positive Sentiment: Zacks Strong Buy additions — FOR also appears on Zacks’ Rank #1 lists in other categories (new strong buys and value), reinforcing both growth and value narratives. New Strong Buy Stocks for January 30th Best Value Stocks to Buy for January 30th
• Positive Sentiment: Attractive valuation/momentum mix — Zacks flagged FOR as “attractively priced despite fast-paced momentum,” which can appeal to investors seeking momentum with reasonable valuation. Forestar Group (FOR) Is Attractively Priced Despite Fast-paced Momentum
• Neutral Sentiment: Quarterly detail — Citizens highlights that Forestar posted a revenue beat even as lot sales were lower, a mixed operational signal: beat supports fundamentals, but lower lot sales could pressure future revenue growth if sustained. Citizens Highlights Forestar Group (FOR) Revenue Beat Despite Lower Lot Sales

About Forestar Group

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar’s integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.