KB Home (NYSE:KBH) Price Target Cut to $74.50 by Analysts at JPMorgan Chase & Co.

KB Home (NYSE:KBH) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $82.00 to $74.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.60% from the company’s current price.

KBH has been the topic of several other research reports. Bank of America cut their target price on KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Barclays cut their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Evercore ISI increased their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, KB Home currently has an average rating of “Hold” and an average price target of $75.88.

KB Home Stock Up 5.1 %

KB Home stock opened at $67.36 on Wednesday. The business’s 50-day simple moving average is $73.56 and its 200 day simple moving average is $77.99. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.57 and a beta of 1.86. KB Home has a 12-month low of $58.05 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.99 billion. During the same quarter last year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of KBH. Financial Management Professionals Inc. acquired a new stake in KB Home in the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in KB Home in the 3rd quarter valued at approximately $43,000. Versant Capital Management Inc raised its position in KB Home by 275.7% in the 4th 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the 3rd quarter valued at approximately $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the 3rd quarter valued at approximately $61,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.