KB Home (KBH) : Analyst Rating Update

KB Home (KBH) : Zacks Investment Research ranks KB Home (KBH) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.92, which indicates as a Hold.

KB Home (KBH) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $13. The average forecast of all the analysts is $14.58 and the expected standard deviation is $2.15.

KB Home (NYSE:KBH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.08 and $15.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.43, notching a gain of 1.58% for the day. The total traded volume was 2,833,895 . The stock had closed at $15.19 on the previous day.

Also, Equity analysts at the Brokerage firm UBS downgrades its rating on KB Home (NYSE:KBH). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 3, 2016. The company shares have dropped -8.82% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $17.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.12 and the 200 Day Moving Average price is recorded at $12.86.

KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments, which includes four homebuilding segments and one financial services segment. The Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered approximately 7,215 homes through its four homebuilding segments. The Companys financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through Home Community Mortgage, LLC (HCM).

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