Alert: Positive Investment/Fundamental Signals (2/28/24)-KB Home (NYSE: KBH)

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KB Home (NYSE: KBH) has recently enjoyed important positive changes in fundamentals: the consensus estimate for November, 2025 increased significantly, the consensus estimate for November, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

KB Home (NYSE: KBH) has recently enjoyed meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KBH is expected to continue to be an important Value Builder.

KB Home has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. KB Home has a good Appreciation Score of 72 and a very high Power Rating of 96, leading to the Highest Value Trend Rating.

Recent Price Action

KB Home (NYSE: KBH) stock closed at $63.96 on 2/28/24 after a modest gain of 0.4%. NORMAL trading volume accompanied the advance. The stock has risen 3.7% during the last week and has been exceptionally strong relative to the market over the last nine months.

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