Forestar Group (FOR) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Forestar Group (FORResearch Report) on July 20 and set a price target of $15.50. The company’s shares closed last Thursday at $14.01, close to its 52-week low of $13.06.

According to, Rehaut is a 3-star analyst with an average return of 1.0% and a 49.0% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Green Brick Partners, and Century Communities.

Forestar Group has an analyst consensus of Moderate Buy, with a price target consensus of $20.13, a 40.2% upside from current levels. In a report issued on July 20, BTIG also downgraded the stock to Hold with a $24.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Forestar Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $309 million and net profit of $39.7 million. In comparison, last year the company earned revenue of $313 million and had a net profit of $15.8 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Forestar Group, Inc. is a residential and mixed-use real estate development company. The company was founded in December 2007 and is headquartered in Austin, TX.

Read More on FOR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More