J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Forestar Group (NYSE:FOR) Inc on Monday, setting a price target of $29.5, which is approximately 38.04% above the present share price of $21.37.
Rehaut expects Forestar Group Inc to post earnings per share (EPS) of $0.89 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Forestar Group, with an average price target of $30.5.
The analysts price targets range from a high of $31 to a low of $29.5.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $418.7 million and a net profit of $56.2 million. The company's market cap is $1.06 billion.
According to TipRanks.com, J.P. Morgan analyst Michael Rehaut is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.9% and a 57.08% success rate.
Forestar Group, Inc. is a residential and mixed-use real estate development company. The company was founded in December 2007 and is headquartered in Austin, TX.