Beazer Homes USA (BZH) Price Target Cut to $13.00

Beazer Homes USA (NYSE:BZH) had its price objective lowered by Credit Suisse Group from $16.00 to $13.00 in a report released on Wednesday morning. Credit Suisse Group currently has a hold rating on the construction company’s stock.

Several other research firms have also recently issued reports on BZH. ValuEngine upgraded shares of Beazer Homes USA from a sell rating to a hold rating in a report on Wednesday, July 11th. Zacks Investment Research cut shares of Beazer Homes USA from a buy rating to a hold rating in a report on Wednesday, July 4th. JPMorgan Chase & Co. cut shares of Beazer Homes USA from an overweight rating to a neutral rating and reduced their target price for the stock from $18.00 to $13.00 in a report on Friday, September 21st. Finally, Wedbush reduced their target price on shares of Beazer Homes USA from $22.00 to $20.00 and set a buy rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $15.25.

Shares of Beazer Homes USA stock traded up $0.02 on Wednesday, hitting $10.87. The company had a trading volume of 6,704 shares, compared to its average volume of 485,767. The company has a debt-to-equity ratio of 2.28, a current ratio of 13.59 and a quick ratio of 1.23. The stock has a market capitalization of $373.11 million, a PE ratio of 7.06 and a beta of 2.47. Beazer Homes USA has a 52 week low of $10.75 and a 52 week high of $23.24.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $511.52 million during the quarter, compared to analysts’ expectations of $512.33 million. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. analysts forecast that Beazer Homes USA will post 1.75 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of BZH. Prudential Financial Inc. boosted its holdings in Beazer Homes USA by 157.4% during the first quarter. Prudential Financial Inc. now owns 523,049 shares of the construction company’s stock worth $8,343,000 after buying an additional 319,827 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Beazer Homes USA by 3.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 164,409 shares of the construction company’s stock worth $2,623,000 after buying an additional 4,928 shares in the last quarter. Northern Trust Corp boosted its holdings in Beazer Homes USA by 0.9% during the first quarter. Northern Trust Corp now owns 830,427 shares of the construction company’s stock worth $13,245,000 after buying an additional 7,404 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Beazer Homes USA by 27.4% during the first quarter. Federated Investors Inc. PA now owns 163,091 shares of the construction company’s stock worth $2,601,000 after buying an additional 35,087 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Beazer Homes USA by 34.1% during the first quarter. New York State Common Retirement Fund now owns 94,089 shares of the construction company’s stock worth $1,501,000 after buying an additional 23,918 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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