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

by · The Markets Daily

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

Several other equities analysts have also recently commented on the company. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their target price on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Barclays cut KB Home from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $99.00 to $85.00 in a research note on Wednesday, December 11th. UBS Group reduced their target price on 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 increased their target price 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, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.88.

View Our Latest Stock Analysis on KB Home

KB Home Stock Up 5.1 %

Shares of NYSE:KBH opened at $67.36 on Tuesday. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The company has a 50 day moving average of $73.56 and a two-hundred day moving average of $77.99. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

KB Home (NYSE:KBH – Get Free Report) last issued its quarterly earnings data 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 net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company earned $1.85 earnings per share. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On KB Home

A number of hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after buying an additional 161 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 162 shares during the period. CWM LLC increased its holdings in shares of KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after purchasing an additional 183 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after purchasing an additional 189 shares during the period. Finally, Jupiter Wealth Management LLC increased its holdings in shares of KB Home by 1.2% during the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 225 shares during the period. 96.09% of the stock is currently owned by institutional investors.

About KB Home

(Get Free Report)

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.

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