KB Home (KBH) PT Lowered to $33 at Mizuho Securities Following 1Q
Get Alerts KBH Hot Sheet
Price: $64.27 -0.8%
Rating Summary:
7 Buy, 23 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
7 Buy, 23 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Mizuho Securities lowered its price target on KB Home (NYSE: KBH) to $33.00 (from $35.00) while maintaining a Neutral rating following the company's 1Q earnings report. 1Q EPS of $0.40 beat the Street estimate of $0.29 on higher gross margins.
Strong demand / pricing power, plus backlog costs are "locked in" and mgmt knows "where the prices will be", providing near-term visibility. Mizuho updated FY18 / 19 EPS estimates to $2.72 / $3.10, ($2.71 / $3.16), driven by a slightly higher FY18 gross margin estimate.
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