Streetbeat News

FOR

Forestar Group Inc.

https://www.forestar.com

Industry

Real Estate - Development

Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.

Open

21.37

Mkt cap

1.1B

Volume

140K

High

21.66

P/E Ratio

6.08

52-wk high

40.92

Low

21.10

Div yield

N/A

52-wk low

20.70

Forestar Group (NYSE:FOR) has been analyzed by 4 analysts, revealing a mix of bullish and bearish sentiments. The average 12-month price target is $40.5, with a high of $46.00 and a low of $36.00. Recent ratings show a decline in the average price target from $42.12. Analysts from JP Morgan, BTIG, and Citigroup have adjusted their ratings and price targets, reflecting evolving market conditions and company performance.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 4:00 pm

JP Morgan analyst Michael Rehaut maintains a Neutral rating on Forestar Group (NYSE:FOR) but lowers the price target from $37.5 to $36.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:25 pm

BTIG analyst Ryan Gilbert maintains a Buy rating on Forestar Group (NYSE:FOR) but lowers the price target from $41 to $37.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:57 pm

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Portfolio Pulse from Avi Kapoor

July 18, 2024 | 5:19 pm

Forestar Group (FOR) has provided its fiscal 2024 revenue guidance, expecting to generate between $1.4 billion and $1.5 billion, slightly below the consensus of $1.505 billion. The company also anticipates delivering between 14,600 and 15,100 lots, adjusting its previous guidance of 14,500 to 15,500 lots.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:37 am

Forestar Group shares are trading lower after the company reported worse-than-expected Q3 EPS and revenues.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:35 am

Forestar Group (NYSE:FOR) reported Q3 2024 earnings per share (EPS) of $0.76, missing the analyst consensus estimate of $0.93 by 18.28%. The company also reported quarterly sales of $318.4 million, which missed the estimate of $379.202 million by 16.03%. Both EPS and sales figures represent declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:32 am

Citigroup analyst Anthony Pettinari maintains a Buy rating on Forestar Group (NYSE:FOR) but lowers the price target from $46 to $43.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 6:29 pm

Citigroup analyst Anthony Pettinari maintains a Buy rating on Forestar Group (NYSE:FOR) and raises the price target from $44 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:11 pm

Forestar Group's shares are trading lower following the announcement of their Q2 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:37 pm

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