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RBC Capital Sticks to Its Hold Rating for KB Home (KBH)

Tipranks - Thu Mar 26, 6:28AM CDT

RBC Capital analyst Michael Dahl maintained a Hold rating on KB Home yesterday and set a price target of $53.00. The company’s shares closed yesterday at $52.94.

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Dahl covers the Consumer Cyclical sector, focusing on stocks such as Whirlpool, Tri Pointe, and DR Horton. According to TipRanks, Dahl has an average return of 8.8% and a 58.18% success rate on recommended stocks.

KB Home has an analyst consensus of Hold, with a price target consensus of $58.11, a 9.77% upside from current levels. In a report released today, Goldman Sachs also assigned a Hold rating to the stock with a $56.00 price target.

Based on KB Home’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.69 billion and a net profit of $101.52 million. In comparison, last year the company earned a revenue of $2 billion and had a net profit of $190.61 million

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