Citigroup Cuts Rating of KB Home (NYSE:KBH) To Sell. The TP is Set to $27.0

April 22, 2018 - By Migdalia James

KB Home (NYSE:KBH) Logo

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.75, from 1.81 in 2017Q3. It worsened, as 36 investors sold KB Home shares while 80 reduced holdings. 50 funds opened positions while 73 raised stakes. 81.24 million shares or 1.89% less from 82.80 million shares in 2017Q3 were reported.

Rhumbline Advisers holds 184,948 shares. Great West Life Assurance Can reported 51,226 shares. Covington Capital Mgmt holds 1,000 shares. Hl Ltd Limited Liability Company accumulated 332,123 shares. Brandywine Investment Management Limited Co, a Pennsylvania-based fund reported 311,681 shares. Bridgeway Cap Mngmt holds 0.18% in KB Home (NYSE:KBH) or 532,700 shares. Pub Employees Retirement Association Of Colorado reported 19,055 shares or 0% of all its holdings. Benjamin F Edwards And Inc reported 8,337 shares or 0.03% of all its holdings. Grantham Mayo Van Otterloo Lc holds 15,900 shares. Caxton Associates Lp has 0.04% invested in KB Home (NYSE:KBH). Two Sigma Securities Limited Liability Corporation has invested 0.01% in KB Home (NYSE:KBH). Boston Ltd Llc reported 31,440 shares stake. Strs Ohio reported 5,100 shares. State Of Tennessee Treasury Department reported 50,000 shares. Susquehanna Group Limited Liability Partnership, Pennsylvania-based fund reported 31,000 shares.

Since January 30, 2018, it had 0 insider buys, and 2 insider sales for $5.50 million activity. Kaminski Jeff had sold 125,000 shares worth $4.07 million.

KB Home (NYSE:KBH) Receives a Downgrade

The stock rating of KB Home (NYSE:KBH) was cut by research analysts at Citigroup to a Sell. This has been announced in a research report published on Tuesday, 2 January. Citigroup from today has a $27.0 price target on the shares, which would indicate a possible upside of 2.62 %.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.75, from 1.81 in 2017Q3. It worsened, as 36 investors sold KB Home shares while 80 reduced holdings. 50 funds opened positions while 73 raised stakes. 81.24 million shares or 1.89% less from 82.80 million shares in 2017Q3 were reported.

Rhumbline Advisers holds 184,948 shares. Great West Life Assurance Can reported 51,226 shares. Covington Capital Mgmt holds 1,000 shares. Hl Ltd Limited Liability Company accumulated 332,123 shares. Brandywine Investment Management Limited Co, a Pennsylvania-based fund reported 311,681 shares. Bridgeway Cap Mngmt holds 0.18% in KB Home (NYSE:KBH) or 532,700 shares. Pub Employees Retirement Association Of Colorado reported 19,055 shares or 0% of all its holdings. Benjamin F Edwards And Inc reported 8,337 shares or 0.03% of all its holdings. Grantham Mayo Van Otterloo Lc holds 15,900 shares. Caxton Associates Lp has 0.04% invested in KB Home (NYSE:KBH). Two Sigma Securities Limited Liability Corporation has invested 0.01% in KB Home (NYSE:KBH). Boston Ltd Llc reported 31,440 shares stake. Strs Ohio reported 5,100 shares. State Of Tennessee Treasury Department reported 50,000 shares. Susquehanna Group Limited Liability Partnership, Pennsylvania-based fund reported 31,000 shares.

Since January 30, 2018, it had 0 insider buys, and 2 insider sales for $5.50 million activity. Kaminski Jeff had sold 125,000 shares worth $4.07 million.

KB Home (NYSE:KBH) Ratings Coverage

Among 15 analysts covering KB Home (NYSE:KBH), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. KB Home has $38.0 highest and $25 lowest target. $31’s average target is 17.83% above currents $26.31 stock price. KB Home had 22 analyst reports since October 25, 2017 according to SRatingsIntel. KeyBanc Capital Markets maintained KB Home (NYSE:KBH) on Tuesday, October 31 with “Hold” rating. The rating was maintained by Credit Suisse on Thursday, January 11 with “Hold”. The stock has “Sell” rating by UBS on Wednesday, January 17. The firm has “Sell” rating given on Tuesday, December 19 by J.P. Morgan. Keefe Bruyette & Woods maintained it with “Hold” rating and $33.0 target in Thursday, December 21 report. On Monday, January 22 the stock rating was maintained by Credit Suisse with “Hold”. The stock of KB Home (NYSE:KBH) has “Neutral” rating given on Friday, January 26 by Buckingham Research. The stock of KB Home (NYSE:KBH) earned “Hold” rating by Mizuho on Sunday, March 25. Keefe Bruyette & Woods maintained the shares of KBH in report on Wednesday, March 21 with “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Monday, November 13.

The stock decreased 2.01% or $0.54 during the last trading session, reaching $26.31. About 2.11 million shares traded. KB Home (NYSE:KBH) has risen 45.30% since April 22, 2017 and is uptrending. It has outperformed by 33.75% the S&P500.

Analysts await KB Home (NYSE:KBH) to report earnings on June, 26. They expect $0.49 EPS, up 48.48 % or $0.16 from last year’s $0.33 per share. KBH’s profit will be $42.87M for 13.42 P/E if the $0.49 EPS becomes a reality. After $0.40 actual EPS reported by KB Home for the previous quarter, Wall Street now forecasts 22.50 % EPS growth.

KB Home operates as a homebuilding company in the United States. The company has market cap of $2.30 billion. It manufactures and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. It has a 26.34 P/E ratio. The firm 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.

KB Home (NYSE:KBH) Institutional Positions Chart

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