StockNews.com initiated coverage on shares of Forestar Group (NYSE:FOR – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the oil and gas exploration company’s stock.
Separately, Citigroup lifted their price objective on shares of Forestar Group from $18.00 to $21.00 in a research note on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $18.63.
Forestar Group Stock Performance
Shares of FOR opened at $14.46 on Thursday. The firm’s 50 day moving average is $14.97 and its 200-day moving average is $13.76. The stock has a market capitalization of $719.67 million, a P/E ratio of 4.52 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.93 and a quick ratio of 0.93. Forestar Group has a 12-month low of $10.28 and a 12-month high of $18.24.
Institutional Inflows and Outflows
About Forestar Group
Forestar Group Inc is a residential lot development company, which engages in the provision of real estate business. The firm focuses on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. The company was founded in 2007 and is headquartered in Arlington, TX.
- Get a free copy of the StockNews.com research report on Forestar Group (FOR)
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