It’s still a bull thesis, just subverted: KB Home (KBH)

At the time of writing, KB Home [KBH] stock is trading at $82.14, up 3.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KBH shares have gain 4.16% over the last week, with a monthly amount glided 2.16%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

KB Home [NYSE: KBH] stock has seen the most recent analyst activity on September 05, 2024, when RBC Capital Mkts downgraded its rating to a Underperform but kept the price target unchanged to $70 for it. Previously, Seaport Research Partners downgraded its rating to Sell on August 05, 2024, and kept the price target unchanged to $65. On January 11, 2024, downgrade downgraded it’s rating to Neutral. Deutsche Bank downgraded its rating to a Sell and decreased its price target to $46 on December 08, 2023. Wedbush downgraded its rating to a Neutral. Seaport Research Partners upgraded its rating to Buy for this stock on November 02, 2023, but kept the price target unchanged to $58. In a note dated October 17, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $49 on this stock.

For the past year, the stock price of KB Home fluctuated between $42.11 and $88.31. Currently, Wall Street analysts expect the stock to reach $56.38 within the next 12 months. KB Home [NYSE: KBH] shares were valued at $82.14 at the most recent close of the market. An investor can expect a potential drop of -31.36% based on the average KBH price forecast.

Analyzing the KBH fundamentals

According to KB Home [NYSE:KBH], the company’s sales were 6.44B for trailing twelve months, which represents an -3.14% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 80.67 points at the first support level, and at 79.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.18, and for the 2nd resistance point, it is at 84.23.

Ratios To Look Out For

It is important to note that KB Home [NYSE:KBH] has a current ratio of 6.05. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 10.87.

Transactions by insiders

Recent insider trading involved PRAW ALBERT Z, EVP, Real Estate & Bus. Dev., that happened on May 10 ’24 when 22160.0 shares were sold. Director, Gilligan Thomas W. completed a deal on May 09 ’24 to sell 3914.0 shares. Meanwhile, EVP & Chief Financial Officer Kaminski Jeff sold 38386.0 shares on Apr 09 ’24.

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