Beazer Homes USA, Inc. (BZH) Receives $12.38 Average Price Target from Analysts
Beazer Homes USA, Inc. (NYSE:BZH) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.38.
BZH has been the subject of several analyst reports. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, July 4th. Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Credit Suisse Group began coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective for the company. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Finally, JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th.
Shares of Beazer Homes USA (BZH) traded down 0.07% on Monday, reaching $13.41. 346,720 shares of the company were exchanged. Beazer Homes USA has a 12 month low of $8.86 and a 12 month high of $15.80. The stock’s market capitalization is $428.70 million. The stock has a 50 day moving average price of $13.02 and a 200-day moving average price of $12.95.
Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, May 4th. The construction company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. The firm had revenue of $425.47 million for the quarter, compared to the consensus estimate of $397.65 million. Beazer Homes USA had a negative net margin of 0.22% and a positive return on equity of 4.08%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. On average, equities analysts expect that Beazer Homes USA will post $0.75 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after buying an additional 1,200 shares during the last quarter. American International Group Inc. boosted its stake in Beazer Homes USA by 7.1% in the first quarter. American International Group Inc. now owns 19,387 shares of the construction company’s stock valued at $235,000 after buying an additional 1,283 shares during the period. Teachers Advisors LLC boosted its stake in Beazer Homes USA by 3.2% in the first quarter. Teachers Advisors LLC now owns 61,075 shares of the construction company’s stock valued at $741,000 after buying an additional 1,910 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Beazer Homes USA by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 114,516 shares of the construction company’s stock valued at $1,390,000 after buying an additional 5,643 shares during the period. Finally, Aperio Group LLC boosted its stake in Beazer Homes USA by 31.3% in the second quarter. Aperio Group LLC now owns 25,984 shares of the construction company’s stock valued at $357,000 after buying an additional 6,188 shares during the period. 81.45% of the stock is owned by hedge funds and other institutional investors.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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