KB Home (NYSE:KBH) Given New $76.00 Price Target at Keefe, Bruyette & Woods

KB Home (NYSE:KBH) had its price target decreased by stock analysts at Keefe, Bruyette & Woods from $85.00 to $76.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 11.78% from the company’s current price.

A number of other analysts also recently commented on KBH. Wells Fargo & Company decreased their price target on KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Bank of America decreased their target price on KB Home from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.32.

KB Home Stock Performance

Shares of NYSE:KBH opened at $67.99 on Friday. The business’s 50 day simple moving average is $72.80 and its two-hundred day simple moving average is $77.94. The firm has a market cap of $4.99 billion, a P/E ratio of 8.72, 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 announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (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 analyst estimates of $1.99 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Home

A number of large investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new stake in KB Home during the third quarter valued at $32,000. Riggs Asset Managment Co. Inc. bought a new stake in KB Home during the third quarter valued at $43,000. Versant Capital Management Inc boosted its stake in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after buying an additional 557 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in KB Home during the third quarter valued at $59,000. Finally, Banque Cantonale Vaudoise bought a new stake in KB Home during the third quarter valued at $61,000. 96.09% of the stock is owned by institutional investors.

About KB Home

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.