Shares of Forestar Group Inc. (NYSE:FOR) have received an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $23.00 for the company and are forecasting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Forestar Group an industry rank of 106 out of 256 based on the ratings given to its competitors.
Several research firms have issued reports on FOR. Zacks Investment Research upgraded Forestar Group from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, June 4th. Buckingham Research began coverage on Forestar Group in a research note on Wednesday, June 5th. They set a “buy” rating and a $23.00 price objective for the company. Finally, BTIG Research began coverage on Forestar Group in a research note on Monday, April 15th. They set a “buy” rating and a $23.00 price objective for the company.
Shares of NYSE FOR opened at $18.32 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 1.23. Forestar Group has a one year low of $12.77 and a one year high of $25.95.
Forestar Group (NYSE:FOR) last issued its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.15. The firm had revenue of $65.30 million during the quarter. On average, equities analysts anticipate that Forestar Group will post 0.6 EPS for the current year.
Forestar Group Company Profile
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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