Credit Suisse Group reissued their sell rating on shares of KB Home (NYSE:KBH) in a report published on Thursday. Credit Suisse Group currently has a $17.00 price target on the construction company’s stock.

Several other research firms have also recently issued reports on KBH. ValuEngine raised shares of KB Home from a sell rating to a hold rating in a research report on Friday, September 14th. Zacks Investment Research cut shares of KB Home from a hold rating to a sell rating in a research report on Monday, September 24th. JMP Securities raised shares of KB Home from a market perform rating to an outperform rating and set a $30.00 price objective for the company in a research report on Wednesday, September 26th. MKM Partners set a $32.00 price objective on shares of KB Home and gave the stock a hold rating in a research report on Wednesday, September 26th. Finally, Wedbush lifted their price objective on shares of KB Home from $25.00 to $26.00 and gave the stock a hold rating in a research report on Wednesday, September 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $26.78.

KBH stock traded up $0.14 during midday trading on Thursday, hitting $21.14. The company’s stock had a trading volume of 107,961 shares, compared to its average volume of 1,544,183. KB Home has a 52-week low of $16.82 and a 52-week high of $38.80. The stock has a market capitalization of $1.94 billion, a PE ratio of 7.51, a P/E/G ratio of 0.47 and a beta of 1.46.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, January 9th. The construction company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03. KB Home had a net margin of 3.75% and a return on equity of 14.61%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.84 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, sell-side analysts predict that KB Home will post 3.02 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in KBH. Itau Unibanco Holding S.A. acquired a new position in KB Home in the second quarter valued at $115,000. Renaissance Technologies LLC increased its stake in KB Home by 48.8% in the second quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the construction company’s stock valued at $31,846,000 after purchasing an additional 383,200 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in KB Home in the second quarter valued at $897,000. OppenheimerFunds Inc. increased its stake in KB Home by 5.0% in the second quarter. OppenheimerFunds Inc. now owns 48,051 shares of the construction company’s stock valued at $1,309,000 after purchasing an additional 2,298 shares during the period. Finally, Laurion Capital Management LP acquired a new position in KB Home in the second quarter valued at $361,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Analyst Recommendations for KB Home (NYSE:KBH)

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