RBC Capital Sticks to Its Hold Rating for KB Home

By Carrie Williams

In a report issued on November 13, Robert Wetenhall from RBC Capital reiterated a Hold rating on KB Home (NYSE: KBH), with a price target of $31. The company’s shares closed yesterday at $28.65, close to its 52-week high of $28.69.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 18.3% and a 82.4% 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 Moderate Sell and the average price target is $26.80, representing a -6.5% downside.

In a report issued on October 31, KeyBanc also reiterated a Hold rating on the stock.

KB Home’s market cap is currently $2.48B and has a P/E ratio of 20.61. The company has a book value ratio of 1.3462.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Last month, Brian Woram, the EVP & GC of KBH sold 49,529 shares for a total of $1,342,731.

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.