KB Home (KBH) Gets a Hold from KBW

KBW analyst Jade Rahmani maintained a Hold rating on KB Home (KBH – Research Report) yesterday and set a price target of $67.00. The company’s shares closed yesterday at $69.89.

According to TipRanks, Rahmani is a 5-star analyst with an average return of 17.0% and a 77.25% success rate. Rahmani covers the Real Estate sector, focusing on stocks such as Ladder Capital, Ready Capital, and Apollo Real Estate.

The word on The Street in general, suggests a Hold analyst consensus rating for KB Home with a $66.87 average price target, a -4.32% downside from current levels. In a report released on March 12, Zelman & Assoc. also downgraded the stock to a Hold with a $67.75 price target.

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Based on KB Home’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $1.77 billion and a net profit of $164.44 million. In comparison, last year the company earned a revenue of $1.72 billion and had a net profit of $210.67 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KBH in relation to earlier this year. Last month, Robert V. McGibney, the President & COO of KBH sold 14,781.00 shares for a total of $899,571.66.

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KB Home (KBH) Company Description:

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes and condominiums. It operates through the following segments: West Coast, Southwest, Central and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.