Zacks Investment Research downgraded KB Home (NYSE:KBH) to Sell in a report released today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded KB Home (NYSE:KBH) to Sell in a report released on Wednesday January 11, 2017.
Previously on 01/06/2017, Barclays released a statement about KB Home (NYSE:KBH) increased the target price from $0.00 to $15.00. At the time, this indicated a possible downside of -0.12%.
Just yesterday KB Home (NYSE:KBH) traded 2.40% higher at $16.25. KB Home’s 50-day moving average is $16.25 and its 200-day moving average is $15.69. The last stock price is up 6.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 2,200,631 shares of KBH traded hands, down from an average trading volume of 2,257,660
Recent Performance Chart
KB Home has 52 week low of $9.04 and a 52 week high of $17.38 with a price-earnings ratio of 14.41 and has a total market value of $0.
A total of 14 equity analysts have released a research note on KBH. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, thirteen equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.25.
Brief Synopsis About KB Home (NYSE:KBH)
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment. Its homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and also provides title services in various markets located within its Central and Southeast homebuilding segments. Its financial services operations also provide mortgage banking services, including residential consumer mortgage loan originations.
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