Credit Suisse Reaffirms Their Sell Rating on KB Home (KBH)

By Jason Carr

Credit Suisse analyst Susan Maklari maintained a Sell rating on KB Home (KBHResearch Report) today and set a price target of $20. The company’s shares closed yesterday at $24.08.

According to TipRanks.com, Maklari has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 41.2% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Mohawk Industries, and Toll Brothers.

Currently, the analyst consensus on KB Home is a Moderate Sell with an average price target of $21.40, implying a -11.1% downside from current levels. In a report released today, BTIG also maintained a Sell rating on the stock with a $17 price target.

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Based on KB Home’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of $30.01 million. In comparison, last year the company had a GAAP net loss of $71.26 million.

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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.