Forestar Group Inc (NYSE:FOR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Six analysts cover Forestar (4 hold, 2 buy) and give a consensus "Hold" rating with an average 12‑month price target of $31.75; Citigroup recently upgraded to a "buy" and raised its target to $38.
• Quarterly beat: Forestar reported EPS of $0.30 vs. $0.21 expected and revenue of $273M (up 9% year‑over‑year), and analysts forecast full‑year EPS of about $3.44.
• Valuation snapshot: The stock trades near $26.43 with a market cap around $1.34B, a P/E of 8.08, and a 1‑year range of $18.00–$30.74.

Shares of Forestar Group Inc (NYSE:FOR - Get Free Report) have been given an average rating of "Hold" by the six analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.75.

FOR has been the topic of several analyst reports. Citigroup increased their target price on Forestar Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Forestar Group in a research note on Thursday, January 22nd. Zacks Research cut shares of Forestar Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Wall Street Zen downgraded shares of Forestar Group from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, BTIG Research assumed coverage on shares of Forestar Group in a report on Monday, March 30th. They issued a "hold" rating on the stock.

Forestar Group Stock Down 0.6%

NYSE FOR opened at $26.43 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 8.08 and a beta of 1.45. The company has a 50 day moving average of $26.86 and a 200-day moving average of $26.10. Forestar Group has a 1-year low of $18.00 and a 1-year high of $30.74.

Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The oil and gas exploration company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.09. The firm had revenue of $273.00 million for the quarter, compared to analyst estimates of $265.48 million. Forestar Group had a return on equity of 9.76% and a net margin of 9.90%.The company's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts expect that Forestar Group will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FOR. Corient Private Wealth LLC bought a new stake in Forestar Group during the fourth quarter worth $225,000. NewEdge Advisors LLC increased its stake in shares of Forestar Group by 367.2% in the 4th quarter. NewEdge Advisors LLC now owns 17,166 shares of the oil and gas exploration company's stock valued at $423,000 after purchasing an additional 13,492 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Forestar Group during the 4th quarter worth $266,000. SummitTX Capital L.P. raised its holdings in shares of Forestar Group by 10.8% during the 4th quarter. SummitTX Capital L.P. now owns 170,822 shares of the oil and gas exploration company's stock worth $4,207,000 after buying an additional 16,718 shares in the last quarter. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in shares of Forestar Group during the 4th quarter worth $207,000. 35.50% of the stock is owned by institutional investors.

About Forestar Group

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar's integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.

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