Thomson Reuters/Verus upgraded shares of KB Home (NYSE:KBH) from a sell rating to a hold rating in a research report sent to investors on Monday morning, American Banking & Market News reports.
A number of other firms have also recently commented on KBH. Analysts at Raymond James downgraded shares of KB Home from a market perform rating to an underperform rating in a research note to investors on Thursday, October 17th. Separately, analysts at Susquehanna upgraded shares of KB Home from a neutral rating to a positive rating in a research note to investors on Friday, October 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Williams Financial Group cut their price target on shares of KB Home from $22.00 to $18.00 in a research note to investors on Friday, September 27th. They now have a hold rating on the stock. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $19.61.
Shares of KB Home (NYSE:KBH) traded up 0.24% during mid-day trading on Monday, hitting $16.52. 2,388,237 shares of the company’s stock traded hands. KB Home has a one year low of $13.09 and a one year high of $25.14. The stock has a 50-day moving average of $17.38 and a 200-day moving average of $19.10. The company has a market cap of $1.383 billion and a P/E ratio of 69.54.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.07. The company had revenue of $549.00 million for the quarter, compared to the consensus estimate of $569.30 million. During the same quarter last year, the company posted $0.04 earnings per share. KB Home’s revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that KB Home will post $0.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.03 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Tuesday, November 5th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.