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

KB Home (NYSE:KBH - Free Report) had its target price raised by Evercore ISI from $88.00 to $95.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the construction company's stock.

Several other research analysts have also weighed in on KBH. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and lowered their price objective for the stock from $70.00 to $67.00 in a research report on Friday. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lowered their price objective on shares of KB Home from $92.50 to $82.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Wells Fargo & Company cut their target price on shares of KB Home from $74.00 to $65.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Bank of America upped their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $76.50.

KB Home Stock Performance

Shares of KBH traded up $3.28 during mid-day trading on Tuesday, reaching $67.36. 5,895,204 shares of the company were exchanged, compared to its average volume of 1,921,932. The business has a 50 day simple moving average of $73.56 and a two-hundred day simple moving average of $77.99. The stock has a market capitalization of $4.94 billion, a PE ratio of 8.64, a PEG ratio of 0.57 and a beta of 1.86. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $1.85 EPS. The company's revenue was up 19.5% compared to the same quarter last year. On average, analysts predict that KB Home will post 8.42 EPS for the current year.

Institutional Trading of KB Home

A number of hedge funds have recently bought and sold shares of KBH. Barclays PLC raised its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after purchasing an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock valued at $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of KB Home during the 3rd quarter valued at approximately $956,000. Cerity Partners LLC lifted its stake in KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock valued at $3,320,000 after purchasing an additional 7,679 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in KB Home by 62.1% during the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company's stock valued at $9,173,000 after purchasing an additional 40,992 shares during the period. 96.09% of the stock is currently owned by institutional investors.

KB Home Company Profile

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.