Forestar Group - FOR Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forestar Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View FOR analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price targets for Forestar Group's shares. Their FOR share price forecasts range from $13.50 to $25.00. On average, they predict the company's share price to reach $19.63 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
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Forestar Group's stock was trading at $21.75 at the beginning of 2022. Since then, FOR shares have decreased by 30.8% and is now trading at $15.05.
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Forestar Group saw a decline in short interest in November. As of November 15th, there was short interest totaling 246,200 shares, a decline of 20.4% from the October 31st total of 309,200 shares. Based on an average daily trading volume, of 114,900 shares, the days-to-cover ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our FOR earnings forecast.

Forestar Group Inc. (NYSE:FOR) posted its quarterly earnings data on Thursday, November, 4th. The oil and gas exploration company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.20. The oil and gas exploration company had revenue of $418.70 million for the quarter, compared to analyst estimates of $389.75 million. Forestar Group had a net margin of 11.77% and a trailing twelve-month return on equity of 15.85%. During the same quarter last year, the business earned $0.50 earnings per share.

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 Vanguard Group Inc. (5.44%), BlackRock Inc. (3.17%), Dimensional Fund Advisors LP (2.39%), Heartland Advisors Inc. (1.71%), Carlson Capital L P (1.32%) 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 $15.05.

Forestar Group (NYSE:FOR) has a market capitalization of $749.02 million 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 $3.59 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.