Forestar Group (FOR) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forestar Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FOR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FOR, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12 month target prices for Forestar Group's stock. Their FOR share price forecasts range from $13.50 to $22.00. On average, they predict the company's share price to reach $17.17 in the next twelve months. This suggests that the stock has a possible downside of 16.3%.
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Forestar Group's stock was trading at $15.41 at the beginning of the year. Since then, FOR shares have increased by 33.0% and is now trading at $20.50.
View the best growth stocks for 2023 here.

Forestar Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 444,100 shares, an increase of 20.6% from the April 30th total of 368,300 shares. Based on an average daily volume of 110,400 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
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Forestar Group Inc. (NYSE:FOR) released its earnings results on Thursday, November, 4th. The oil and gas exploration company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.20. The oil and gas exploration company earned $418.70 million during the quarter, compared to the consensus estimate of $389.75 million. Forestar Group had a trailing twelve-month return on equity of 11.48% and a net margin of 11.44%. During the same period in the previous year, the business earned $0.50 earnings per share.

ETFs with the largest weight of Forestar Group (NYSE:FOR) stock in their portfolio include Amplify Inflation Fighter ETF (IWIN), First Trust Dow Jones Select Microcap Index Fund (FDM), Royce Quant Small-Cap Quality Value ETF (SQLV), Hartford Multifactor Small Cap ETF (ROSC) and Fidelity MSCI Real Estate Index ETF (FREL).Vanguard Real Estate ETF (VNQ),

4 employees have rated Forestar Group Chief Executive Officer Jim DeCosmo on Glassdoor.com. Jim DeCosmo has an approval rating of 42% among the company's employees. This puts Jim DeCosmo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forestar Group investors own include Boeing (BA), Citigroup (C), NVIDIA (NVDA), Toll Brothers (TOL), Enphase Energy (ENPH), Mastercard (MA), Micron Technology (MU), Nokia Oyj (NOK), Pfizer (PFE) and QUALCOMM (QCOM).

Forestar Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "FOR."

Forestar Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.06%), Dimensional Fund Advisors LP (2.74%), JPMorgan Chase & Co. (1.22%), Ameriprise Financial Inc. (1.21%), Geode Capital Management LLC (0.77%) and State Street Corp (0.70%). Insiders that own company stock include Daniel C Bartok, GF (Rick) Ringler III, James Douglas Allen and Lisa H Jamieson.
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Shares of FOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FOR stock can currently be purchased for approximately $20.50.

Forestar Group (NYSE:FOR) has a market capitalization of $1.02 billion and generates $1.52 billion in revenue each year. The oil and gas exploration company earns $178.80 million in net income (profit) each year or $2.78 on an earnings per share basis.

The company employs 309 workers across the globe.

Forestar Group's mailing address is 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX, 76006. The official website for the company is www.forestar.com. The oil and gas exploration company can be reached via phone at (817) 769-1860, via email at investorrelations@drhorton.com, or via fax at 302-636-5454.