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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
NYSE:FOR

Forestar Group - FOR Stock Forecast, Price & News

$12.99
-0.40 (-2.99%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.92
$13.33
50-Day Range
$12.99
$16.73
52-Week Range
$12.91
$22.60
Volume
83,961 shs
Average Volume
102,030 shs
Market Capitalization
$646.37 million
P/E Ratio
3.75
Dividend Yield
N/A
Price Target
$21.67

Forestar Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
66.8% Upside
$21.67 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$20,250 Bought Last Quarter
Proj. Earnings Growth
-14.43%
From $3.05 to $2.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Finance Sector

631st out of 885 stocks

Real Estate Industry

16th out of 22 stocks

FOR stock logo

About Forestar Group (NYSE:FOR) Stock

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.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Forestar Group from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, June 17th. StockNews.com downgraded Forestar Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 20th. BTIG Research cut Forestar Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 20th. TheStreet cut Forestar Group from a "b-" rating to a "c+" rating in a research report on Monday, May 23rd. Finally, Citigroup dropped their price objective on Forestar Group from $30.00 to $25.00 in a research report on Thursday, April 28th.

Forestar Group Trading Down 3.0 %

NYSE:FOR opened at $12.99 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.60 and a quick ratio of 0.60. Forestar Group has a 12-month low of $12.91 and a 12-month high of $22.60. The business has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $16.37. The firm has a market capitalization of $646.37 million, a P/E ratio of 3.75 and a beta of 1.77.

Forestar Group (NYSE:FOR - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The oil and gas exploration company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $308.50 million during the quarter, compared to analyst estimates of $412.80 million. Forestar Group had a net margin of 11.05% and a return on equity of 15.89%. During the same quarter last year, the company earned $0.61 EPS. Equities research analysts predict that Forestar Group will post 3.05 EPS for the current year.

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FOR Stock News Headlines

Forestar Group (NYSE:FOR) Downgraded by StockNews.com to Hold
Forestar Drops On Earnings Miss, Reduced Outlook
Forestar Group Inc. (FOR)
Forestar Group Q3 2022 Earnings Preview
Forestar Group Tops Q2 EPS by 26c
Forestar Reports Fiscal 2022 Second Quarter Results
Forestar Group Q2 2022 Earnings Preview
See More Headlines
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FOR Company Calendar

Last Earnings
7/19/2022
Today
8/10/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Real Estate Development
Sector
Finance
CUSIP
34623310
Employees
309
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.67
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+66.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$110.20 million
Pretax Margin
14.66%

Debt

Sales & Book Value

Annual Sales
$1.33 billion
Cash Flow
$2.51 per share
Book Value
$20.49 per share

Miscellaneous

Free Float
49,635,000
Market Cap
$646.37 million
Optionable
Optionable
Beta
1.77














FOR Stock - Frequently Asked Questions

Should I buy or sell Forestar Group stock right now?

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

What is Forestar Group's stock price forecast for 2022?

2 Wall Street research analysts have issued 1 year price objectives for Forestar Group's shares. Their FOR share price forecasts range from $16.00 to $25.00. On average, they expect the company's share price to reach $21.67 in the next year. This suggests a possible upside of 66.8% from the stock's current price.
View analysts price targets for FOR
or view top-rated stocks among Wall Street analysts.

How has Forestar Group's stock price performed in 2022?

Forestar Group's stock was trading at $21.75 on January 1st, 2022. Since then, FOR stock has decreased by 40.3% and is now trading at $12.99.
View the best growth stocks for 2022 here
.

When is Forestar Group's next earnings date?

Forestar Group is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our FOR earnings forecast
.

How were Forestar Group's earnings last quarter?

Forestar Group Inc. (NYSE:FOR) released its quarterly earnings results on Tuesday, July, 19th. The oil and gas exploration company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by $0.11. The oil and gas exploration company had revenue of $308.50 million for the quarter, compared to the consensus estimate of $412.80 million. Forestar Group had a net margin of 11.05% and a trailing twelve-month return on equity of 15.89%. During the same period in the previous year, the company posted $0.61 earnings per share.

What guidance has Forestar Group issued on next quarter's earnings?

Forestar Group updated its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.43 billion-$1.43 billion, compared to the consensus revenue estimate of $1.71 billion.

What is Jim DeCosmo's approval rating as Forestar Group's CEO?

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.

What other stocks do shareholders of Forestar Group own?

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).

What is Forestar Group's stock symbol?

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

Who are Forestar Group's major shareholders?

Forestar Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.54%), Premier Fund Managers Ltd (0.40%), Los Angeles Capital Management LLC (0.30%), Denali Advisors LLC (0.16%), Swiss National Bank (0.09%) and Victory Capital Management Inc. (0.03%). Insiders that own company stock include Daniel C Bartok, GF (Rick) Ringler III, James Douglas Allen and Lisa H Jamieson.
View institutional ownership trends
.

How do I buy shares of Forestar Group?

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.
Compare Top Brokerages Here.

What is Forestar Group's stock price today?

One share of FOR stock can currently be purchased for approximately $12.99.

How much money does Forestar Group make?

Forestar Group (NYSE:FOR) has a market capitalization of $646.37 million and generates $1.33 billion in revenue each year. The oil and gas exploration company earns $110.20 million in net income (profit) each year or $3.46 on an earnings per share basis.

How many employees does Forestar Group have?

Forestar Group employs 309 workers across the globe.

How can I contact Forestar Group?

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.

This page (NYSE:FOR) was last updated on 8/10/2022 by MarketBeat.com Staff

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