Shares of Forestar Group Inc (NYSE:FOR) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $17.75 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Forestar Group an industry rank of 42 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
Shares of Forestar Group (NYSE:FOR) traded up $0.60 during trading hours on Thursday, hitting $18.30. 404,111 shares of the company’s stock were exchanged, compared to its average volume of 414,262. Forestar Group has a 1 year low of $15.61 and a 1 year high of $18.45. The firm has a market cap of $727.64, a price-to-earnings ratio of 14.96 and a beta of 1.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 26.13 and a current ratio of 26.13.
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Large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its stake in shares of Forestar Group by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the oil and gas exploration company’s stock valued at $232,000 after buying an additional 100 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Forestar Group during the second quarter valued at approximately $668,000. Strs Ohio bought a new stake in Forestar Group during the third quarter valued at approximately $782,000. Schwab Charles Investment Management Inc. lifted its position in Forestar Group by 1.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 421,502 shares of the oil and gas exploration company’s stock valued at $5,754,000 after purchasing an additional 6,156 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Forestar Group by 29.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 18,520 shares of the oil and gas exploration company’s stock worth $253,000 after acquiring an additional 4,210 shares during the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.
Forestar Group Company Profile
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
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