Zacks Investment Research covered Forestar Group Inc. (NYSE:FOR), upping its stock price target to $13.00 today
- Updated: October 16, 2016
Forestar Group Inc. (NYSE:FOR) had its target price raised to $13.00 by Zacks Investment Research in a report released 10/11/2016. The new target price indicates a possible upside of 0.16% based on the company's last stock close price.
Yesterday Forestar Group Inc. (NYSE:FOR) traded -0.98% lower at $11.23. The company’s 50-day moving average is $11.76 and its 200-day moving average is $12.24. The last stock close price is down -9.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 115,420 shares of the stock were exchanged, down from an average trading volume of 271,885
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Forestar Group Inc. has a 52 week low of $7.95 and a 52 week high of $14.87 The company’s market cap is currently $0.
About Forestar Group Inc. (NYSE:FOR)
Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. Its Oil and Gas segment is an independent oil and gas exploration, development and production operation and manages its owned and leased mineral interests. Its Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Company owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets.
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