Equities research analysts at Compass Point lowered their target price on shares of KB Home (NYSE:KBH) from $25.00 to $19.50 in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price objective suggests a potential upside of 16.07% from the company’s current price.
A number of other analysts have also recently weighed in on KBH. Analysts at CRT Capital upgraded shares of KB Home from a “fair value” rating to a “buy” rating in a research note to investors on Thursday, July 11th. They now have a $23.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note to investors on Monday, July 1st. They now have a $21.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of KB Home from $19.00 to $21.00 in a research note to investors on Friday, June 28th. They now have a “neutral” rating on the stock.
Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.80.
Shares of KB Home (NYSE: KBH) traded down 6.67% during mid-day trading on Thursday, hitting $16.80. KB Home has a 52 week low of $9.04 and a 52 week high of $25.14. The stock’s 50-day moving average is currently $19.73. The company’s market cap is $1.406 billion.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, June 27th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $524.40 million for the quarter, compared to the consensus estimate of $450.80 million. During the same quarter last year, the company posted ($0.31) earnings per share. KB Home’s revenue was up 73.1% compared to the same quarter last year. Analysts expect that KB Home will post $0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.03 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 30th.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes homes through its operating divisions under the name KB Home.
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