Forestar Group Inc (NYSE:FOR) Receives $30.20 Consensus PT from Analysts

Shares of Forestar Group Inc (NYSE:FOR) have received an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.20.

A number of analysts recently weighed in on FOR shares. Citigroup started coverage on shares of Forestar Group in a research report on Tuesday, July 15th. They issued an “outperform” rating on the stock. JMP Securities set a $30.00 price target on shares of Forestar Group and gave the company a “market outperform” rating in a research report on Tuesday, July 15th. Finally, Citizens Jmp began coverage on shares of Forestar Group in a research report on Tuesday, July 15th. They issued an “outperform” rating and a $30.00 price target on the stock.

Forestar Group Stock Performance

Shares of NYSE:FOR opened at $28.63 on Wednesday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 8.97 and a beta of 1.43. The firm’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $22.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.73 and a quick ratio of 0.73. Forestar Group has a fifty-two week low of $18.00 and a fifty-two week high of $34.82.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.13). The firm had revenue of $390.50 million during the quarter, compared to analyst estimates of $397.50 million. Forestar Group had a net margin of 10.54% and a return on equity of 10.02%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Forestar Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Forestar Group will post 3.44 earnings per share for the current year.

Institutional Trading of Forestar Group

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Forestar Group by 3,273.8% during the 2nd quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,375 shares during the period. Lazard Asset Management LLC acquired a new stake in Forestar Group during the 4th quarter worth approximately $38,000. Signaturefd LLC raised its holdings in Forestar Group by 119.1% during the 1st quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 823 shares during the period. Tower Research Capital LLC TRC raised its holdings in Forestar Group by 201.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,105 shares of the oil and gas exploration company’s stock worth $42,000 after buying an additional 1,406 shares during the period. Finally, Strs Ohio acquired a new stake in Forestar Group during the 1st quarter worth approximately $74,000. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Forestar Group Company Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.