KB Home (NYSE:KBH) Price Target Raised to $95.00

KB Home (NYSE:KBH) had its price objective lifted by Evercore ISI from $88.00 to $95.00 in a report published on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the construction company’s stock.

Several other brokerages have also issued reports on KBH. Barclays lowered KB Home from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. UBS Group reduced their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Bank of America lifted their price target on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.88.

KB Home Stock Performance

Shares of NYSE:KBH opened at $68.33 on Tuesday. The company has a 50 day moving average price of $73.08 and a two-hundred day moving average price of $77.86. The company has a market capitalization of $5.01 billion, a PE ratio of 8.76, a PEG ratio of 0.54 and a beta of 1.86. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business posted $1.85 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after purchasing an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in KB Home by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in KB Home in the third quarter valued at $956,000. Cerity Partners LLC grew its position in shares of KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after acquiring an additional 7,679 shares during the period. Finally, Citigroup Inc. increased its stake in shares of KB Home by 62.1% during the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after purchasing an additional 40,992 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.