KB Home Gets a Hold Rating from RBC Capital

By Austin Angelo

RBC Capital analyst Robert Wetenhall reiterated a Hold rating on KB Home (NYSE: KBH) yesterday and set a price target of $25. The company’s shares closed yesterday at $21.37.

According to TipRanks.com, Wetenhall is a 5-star analyst with an average return of 10.3% and a 65.9% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

Currently, the analyst consensus on KB Home is Hold and the average price target is $23.50, representing a 10.0% upside.

In a report issued on August 18, KBW also reiterated a Hold rating on the stock with a $24 price target.

The company has a one year high of $24.37 and a one year low of $14.06. Currently, KB Home has an average volume of 2.26M.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Jeffrey Mezger, the President & CEO of KBH sold 400,000 shares for a total of $9,125,614.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KB Home operates as a homebuilding company that constructs and sells homes in the United States. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The company operates its business through four segments: West Coast, Southwest, Central and Southeast.