Research on Forestar Group that was released on Thursday marked the beginning of coverage by investment analysts at StockNews.com.
The report on Forestar Group was published on Thursday (NYSE: FOR).
The oil and gas exploration company’s stock was recommended to be “held” by the brokerage firm.
Thursday was the first day FOR began trading at its new price of $14.11.
The stock has been trading at $15.02 on its simple moving average for the past 50 days, and it is trading at $13.74 on its simple moving average for the past 200 days.
The company’s price-to-earnings ratio is 4.41, and its beta value is 1.63.
The company currently has a market capitalization of $702.25 million and $14.11.
The stock has been trading at $15.02 on its simple moving average for the past 50 days, and it is trading at $13.74 on its simple moving average for the past 200 days.
The company’s price-to-earnings ratio is 4.41, and its beta value is 1.63.
The company currently has a market capitalization of $702.25 million.
There is a debt-to-equity ratio of 0.58, a current ratio of 0.93, and a quick ratio of 0.93.
All three ratios are very similar to one another.
The price of Forestar Group has reached an all-time high of $18.24, while it has been as low as $10.28 over the previous year.
Citigroup announced that they would increase their target price for Forestar Group from $18.00 to $21.00 in a research study published on Tuesday, January 10th. One of the research analysts has given the stock a buy rating, while the other three have recommended that investors maintain their current stock holdings.
According to Bloomberg, the current consensus rating for the company is “Hold,” and the current consensus price objective is $18.63.
In addition, the consensus price target is $18.63.
Recent events have resulted in several institutional investors and hedge funds increasing or decreasing the total number of stock shares held in their respective portfolios.
The New York State Teachers Retirement System increased its holdings in Forestar Group during the fourth quarter by purchasing additional shares at a price that was approximately $25,000 more than what it had paid for each share in the previous quarter.
The U.S. Capital Wealth Advisors LLC increased its holding in Forestar Group during the fourth quarter by purchasing a new position.
This brought their total investment to approximately $33,000. First Manhattan Company bought an additional 27 thousand dollars worth of shares of Forestar Group during the third quarter of the current fiscal year.
During the third quarter of the fiscal year, Federated Hermes, INC made a fresh investment in Forestar Group for $29,000.
Lastly, during the second quarter, Lazard Asset Management LLC made a 74.1% increase in the amount of Forestar Group stock it owned, making it its largest single stock holding.
Lazard Asset Management LLC owns 3,295 shares of the oil and gas development company after purchasing an additional 1,402 shares during the period in question.
These shares are currently worth $45,000, which is their market value.
Institutional investors and hedge funds jointly own 35.02% of the company’s stock, making these two types of investors the company’s primary shareholders.
Real estate services are offered by Forestar Group INC, a company that focuses specifically on the development of residential lots.
The corporation invests in land acquisition and development to sell finished single-family residential lots to homebuilders.
These lots are then used for the construction of new homes.
This is the most important objective of the company. 2007 marked the beginning of operations for the business, now called the city of Arlington, which is found in the state of Texas, home.