KB Home (NYSE:KBH) Price Target Lowered to $74.50 at JPMorgan Chase & Co.

KB Home (NYSE:KBH - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $82.00 to $74.50 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company's stock.

A number of other research analysts have also weighed in on the company. Evercore ISI boosted their target price on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday. Bank of America decreased their price objective on shares of KB Home from $80.00 to $76.00 and set a "neutral" rating on the stock in a report on Tuesday. Royal Bank of Canada upgraded shares of KB Home from an "underperform" rating to a "sector perform" rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Wedbush lifted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Finally, UBS Group lowered their price target on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Two research 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.88.

KB Home Price Performance

KBH stock traded up $1.29 during trading hours on Wednesday, reaching $68.46. The stock had a trading volume of 2,103,818 shares, compared to its average volume of 1,934,987. The stock has a 50-day simple moving average of $73.56 and a 200 day simple moving average of $77.99. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70. The stock has a market capitalization of $5.02 billion, a PE ratio of 8.78, 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 earnings results 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $1.85 EPS. KB Home's revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after buying an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after purchasing an additional 164,010 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of KB Home during the 3rd quarter worth $956,000. Cerity Partners LLC increased its position in shares of KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock worth $3,320,000 after purchasing an additional 7,679 shares during the period. Finally, Citigroup Inc. raised its stake in KB Home by 62.1% in 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 in the last quarter. 96.09% of the stock is owned by institutional investors.

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.