Shares of Forestar Group Inc. (NYSE:FOR) have been given a consensus rating of “Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $22.00.

Several research analysts have issued reports on FOR shares. Wells Fargo & Co started coverage on Forestar Group in a report on Monday, July 8th. They issued an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research lowered Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. BTIG Research assumed coverage on Forestar Group in a report on Monday, April 15th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, Buckingham Research set a $30.00 target price on Andersons and gave the company a “hold” rating in a report on Wednesday, June 5th.

NYSE:FOR traded up $0.13 on Monday, hitting $20.49. The stock had a trading volume of 29,425 shares, compared to its average volume of 43,545. The company’s fifty day moving average price is $18.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.23 and a current ratio of 1.23. Forestar Group has a 52 week low of $12.77 and a 52 week high of $25.95.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.15. The firm had revenue of $65.30 million during the quarter. On average, equities analysts forecast that Forestar Group will post 0.6 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can increased its position in shares of Forestar Group by 1,217.5% during the first quarter. Bank of Montreal Can now owns 2,029 shares of the oil and gas exploration company’s stock valued at $35,000 after acquiring an additional 1,875 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Forestar Group by 299.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,199 shares of the oil and gas exploration company’s stock valued at $38,000 after acquiring an additional 1,649 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Forestar Group during the fourth quarter valued at approximately $175,000. Prudential Financial Inc. increased its position in shares of Forestar Group by 6.8% during the fourth quarter. Prudential Financial Inc. now owns 14,712 shares of the oil and gas exploration company’s stock valued at $204,000 after acquiring an additional 939 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Forestar Group by 33.5% during the fourth quarter. Rhumbline Advisers now owns 18,088 shares of the oil and gas exploration company’s stock valued at $251,000 after acquiring an additional 4,539 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

Forestar Group Company Profile

Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.

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