KB Home (KBH) Given a $35.00 Price Target by Mizuho Analysts
KB Home (NYSE:KBH) has been given a $35.00 price objective by stock analysts at Mizuho in a research note issued on Thursday. The firm presently has a “hold” rating on the construction company’s stock. Mizuho’s price objective indicates a potential downside of 0.03% from the company’s previous close.
A number of other research firms also recently commented on KBH. Wedbush downgraded shares of KB Home from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 price target on shares of KB Home in a research report on Friday, September 29th. MKM Partners restated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of KB Home in a research report on Monday, October 2nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $27.00 price target (up from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. Finally, Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and an average price target of $28.60.
KB Home (NYSE KBH) traded down $0.86 during trading on Thursday, reaching $35.01. 2,649,300 shares of the company’s stock were exchanged, compared to its average volume of 3,779,158. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The firm has a market cap of $3,030.00, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.69. KB Home has a 52-week low of $15.88 and a 52-week high of $38.80.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of KB Home by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares in the last quarter. Dimensional Fund Advisors LP grew its position in KB Home by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after acquiring an additional 394,584 shares in the last quarter. State Street Corp grew its position in KB Home by 3.2% in the second quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock worth $63,890,000 after acquiring an additional 83,179 shares in the last quarter. Capital World Investors boosted its holdings in shares of KB Home by 30.1% during the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after buying an additional 490,000 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of KB Home by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,337,380 shares of the construction company’s stock worth $32,058,000 after buying an additional 25,523 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.
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About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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