Zacks upgraded shares of Beazer Homes USA (NYSE:BZH) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, AR Network reports. The firm currently has $20.10 price target on the stock.
Zacks has also modified their ratings on a number of other consumer discretionary stocks in the few days. The firm downgraded shares of iRobot Corp. from an outperform rating to a neutral rating. Their analysts now have a $41.60 price target on that stock. Also, Zacks downgraded shares of Hooker Furniture Corp. from a neutral rating to an underperform rating. Their analysts now have a $14.20 price target on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Beazer Homes USA (NYSE:BZH) from an outperform rating to a neutral rating in a research note to investors on Tuesday, September 10th. Separately, analysts at Thomson Reuters/Verus downgraded shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a sell rating in a research note to investors on Monday, August 19th. Finally, analysts at Compass Point cut their price target on shares of Beazer Homes USA (NYSE:BZH) from $19.50 to $16.50 in a research note to investors on Thursday, July 25th. They now have a neutral rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $22.87.
Shares of Beazer Homes USA (NYSE:BZH) traded down 3.38% during mid-day trading on Tuesday, hitting $18.27. The stock had a trading volume of 962,156 shares. Beazer Homes USA has a one year low of $12.89 and a one year high of $23.29. The stock has a 50-day moving average of $17.70 and a 200-day moving average of $17.81. The company’s market cap is $453.2 million.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.14. The company had revenue of $314.44 million for the quarter, compared to the consensus estimate of $332.21 million. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. Analysts expect that Beazer Homes USA will post $-1.60 EPS for the current fiscal year.
Beazer Homes USA, Inc (NYSE:BZH) diversified homebuilder with active operations in 16 states.
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