KB Home Now Covered by Analysts at Sterne Agee (KBH)
Sterne Agee assumed coverage on shares of KB Home (NYSE: KBH) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $18.00 target price on the stock.
“We are valuing KBH at a 15.0x P/E multiple on our FY14E (FY ends in November) EPS of $1.17, which is at the low end of our FY14E P/E valuation range of 15.0x to 20.0x FY14E EPS. Since KBH’s Y/Y operating comparisons for quarterly orders, closings, etc. have meaningfully lagged the peer average for over four quarters, we are hesitant to pay up for earnings at KBH’s current valuation.,” Sterne Agee’s analyst wrote.
A number of other analysts have also recently weighed in on KBH. Analysts at RBC Capital raised their price target on shares of KB Home from $19.00 to $22.00 in a research note to investors on Friday, March 8th. They now have an outperform rating on the stock. Separately, analysts at Bank of America initiated coverage on shares of KB Home in a research note to investors on Wednesday, February 27th. They set a buy rating on the stock. Finally, analysts at Bank of America initiated coverage on shares of KB Home in a research note to investors on Wednesday, February 27th. They set a buy rating and a $24.00 price target on the stock.
Five research analysts have rated the stock with a buy rating, eleven have given a hold rating, two have given an underweight rating, and three have given a sell rating to the stock. The stock presently has a consensus rating of hold and a consensus target price of $18.17.
Shares of KB Home (NYSE: KBH) opened at 20.52 on Wednesday. KB Home has a one year low of $6.46 and a one year high of $20.76. The stock’s 50-day moving average is currently $18.98. The company’s market cap is $1.585 billion.
KB Home is a homebuilding company. The Company constructs and sells homes through its operating divisions under the name KB Home.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.