Beazer Homes USA (BZH) Price Target Lowered to $13.00 at Credit Suisse Group

Beazer Homes USA (NYSE:BZH) had its price target lowered by analysts at Credit Suisse Group from $16.00 to $13.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the construction company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 19.82% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Wedbush dropped their price target on shares of Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $13.00 in a research note on Friday, September 21st. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Wednesday, September 5th. Finally, ValuEngine downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.25.

BZH opened at $10.85 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 13.59 and a debt-to-equity ratio of 2.28. The company has a market cap of $373.11 million, a P/E ratio of 7.05 and a beta of 2.47. Beazer Homes USA has a fifty-two week low of $10.75 and a fifty-two week high of $23.24.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, July 26th. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $511.52 million during the quarter, compared to the consensus estimate of $512.33 million. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. Beazer Homes USA’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. equities research analysts anticipate that Beazer Homes USA will post 1.75 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY grew its holdings in Beazer Homes USA by 405.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after purchasing an additional 8,460 shares during the period. Paloma Partners Management Co acquired a new position in Beazer Homes USA during the second quarter valued at approximately $265,000. NJ State Employees Deferred Compensation Plan acquired a new position in Beazer Homes USA during the second quarter valued at approximately $295,000. A.R.T. Advisors LLC acquired a new position in Beazer Homes USA during the first quarter valued at approximately $400,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Beazer Homes USA by 197.0% during the first quarter. Cubist Systematic Strategies LLC now owns 25,326 shares of the construction company’s stock valued at $404,000 after purchasing an additional 16,800 shares during the period. 85.87% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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