Equities research analysts at Deutsche Bank (NYSE: DB) lowered their price target on shares of KB Home (NYSE: KBH) to $12.00 in a research note to investors on Friday.
Separately, analysts at Citigroup (NYSE: C) cut their price target on shares of KB Home to $11.00 in a research note to investors on Thursday. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of KB Home to $13.50 in a research note to investors on Thursday.
Shares of KB Home traded up 5.63% during mid-day trading on Monday, hitting $10.3306. KB Home has a 52 week low of $9.43 and a 52 week high of $16.11. The stock's 50-day moving average is $11.34 and its 200-day moving average is $12.82. The company has a market cap of $795.2 million.
KB Home last announced its quarterly results on Tuesday, April 5th. The company reported ($1.49) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.27) EPS by $1.22. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was down 25.4% on a year-over-year basis. On average, analysts predict that KB Home will post $-0.05 EPS next quarter.
KB Home operates a homebuilding and financial services business serving homebuyers in markets nationwide. It constructs and sells homes through its operating divisions across the United States under the name KB Home. The Company operates in 10 states and 30 markets, including California, Arizona, Nevada, Colorado, Texas, Florida, Maryland, North Carolina, South Carolina and Virginia. The Company’s homebuilding operations offer a variety of homes designed primarily for first-time, first move-up and active adult buyers. The Company’s financial services operations offer mortgage banking, title and insurance services to its homebuyers.
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