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KB Home (KBH) Receives a Buy from RBC Capital

In a report issued on June 22, Michael Dahl from RBC Capital maintained a Buy rating on KB Home (KBHResearch Report), with a price target of $34.00. The company’s shares closed last Friday at $29.20.

According to TipRanks.com, Dahl is a 4-star analyst with an average return of 5.2% and a 53.2% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion, Taylor Morrison, and Toll Brothers.

KB Home has an analyst consensus of Moderate Buy, with a price target consensus of $37.00, implying a 29.4% upside from current levels. In a report issued on June 8, Barclays also maintained a Buy rating on the stock with a $44.00 price target.

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Based on KB Home’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $1.72 billion and net profit of $211 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $143 million.

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KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes and condominiums. It operates through the following segments: West Coast, Southwest, Central and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.

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