Forestar Group (FOR) Earns Buy Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of Forestar Group (NYSE:FOR) in a report released on Monday, The Fly reports. The brokerage issued a buy rating on the oil and gas exploration company’s stock.

Several other analysts have also recently issued reports on FOR. ValuEngine upgraded Forestar Group from a sell rating to a hold rating in a report on Tuesday, December 25th. Bank of America started coverage on Forestar Group in a report on Thursday, January 10th. They issued a buy rating and a $19.00 target price for the company.

NYSE FOR opened at $18.06 on Monday. Forestar Group has a one year low of $12.77 and a one year high of $25.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.90 and a quick ratio of 5.90. The firm has a market capitalization of $759.06 million, a P/E ratio of 180.60, a PEG ratio of 10.26 and a beta of 1.92.

Large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Forestar Group in the 3rd quarter valued at $180,000. Millennium Management LLC purchased a new stake in Forestar Group in the 4th quarter valued at $175,000. Prudential Financial Inc. grew its holdings in Forestar Group by 6.8% in the 4th quarter. Prudential Financial Inc. now owns 14,712 shares of the oil and gas exploration company’s stock valued at $204,000 after buying an additional 939 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Forestar Group by 26.9% in the 3rd quarter. GSA Capital Partners LLP now owns 16,041 shares of the oil and gas exploration company’s stock valued at $340,000 after buying an additional 3,400 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Forestar Group by 33.5% in the 4th quarter. Rhumbline Advisers now owns 18,088 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 4,539 shares in the last quarter. Institutional investors own 21.38% of the company’s stock.

About Forestar Group

Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.

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