Short Term Price Target on KB Home (KBH)

KB Home (NYSE: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.

Shares of KB Home rose by 0.86% in the last five trading days and 8.41% for the last 4 weeks. KB Home is up 8.07% in the last 3-month period. Year-to-Date the stock performance stands at 23.87%. Also, Brokerage firm UBS downgrades its rating on KB Home (NYSE:KBH). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 3, 2016.

KB Home (NYSE:KBH) : 1 brokerage houses believe that KB Home (NYSE:KBH) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on KB Home (NYSE:KBH). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.92.

KB Home (NYSE:KBH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.00 and $14.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.21, notching a gain of 1.00% for the day. The total traded volume was 3,170,361 . The stock had closed at $15.06 on the previous day.

In an insider trading activity, Franklin Nicholas S, officer (EVP, Strategic Operations) of Kb Home had purchased 5,000 shares on April 27, 2015 in a transaction. The price per share was $14.76 and the total amount of the disclosed transaction was $73,800.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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