KB Home’s (KBH) “Outperform” Rating Reiterated at Raymond James

Raymond James reaffirmed their outperform rating on shares of KB Home (NYSE:KBH) in a research note issued to investors on Tuesday,Benzinga reports. Raymond James currently has a $80.00 price target on the construction company’s stock, down from their previous price target of $93.00.

A number of other research analysts have also recently commented on KBH. Keefe, Bruyette & Woods decreased their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Evercore ISI raised their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Barclays cut their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group lowered their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America cut their target price on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.63.

KB Home Trading Down 0.1 %

NYSE KBH opened at $67.80 on Tuesday. The stock has a fifty day simple moving average of $72.05 and a 200-day simple moving average of $77.97. The stock has a market cap of $4.97 billion, a PE ratio of 8.00, a P/E/G ratio of 0.90 and a beta of 1.86. KB Home has a twelve month low of $58.05 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.85 earnings per share. KB Home’s revenue was up 19.5% compared to the same quarter last year. Research analysts predict that KB Home will post 8.67 EPS for the current year.

Hedge Funds Weigh In On KB Home

Several large investors have recently bought and sold shares of KBH. Financial Management Professionals Inc. acquired a new position in shares of KB Home during the 3rd quarter worth about $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in KB Home in the third quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new stake in KB Home during the third quarter worth approximately $61,000. Finally, Versant Capital Management Inc lifted its position in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares during the last quarter. Hedge funds and other institutional investors 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.