BTIG Research started coverage on shares of Forestar Group (NYSE:FOR) in a report published on Monday, April 15th, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $23.00 price objective on the oil and gas exploration company’s stock.
A number of other analysts also recently commented on the stock. ValuEngine upgraded shares of Forestar Group from a sell rating to a hold rating in a research report on Friday, January 11th. Bank of America began coverage on shares of Forestar Group in a research note on Thursday, January 10th. They issued a buy rating and a $19.00 price objective on the stock.
NYSE:FOR traded down $0.20 during mid-day trading on Monday, hitting $19.62. The stock had a trading volume of 36,857 shares, compared to its average volume of 45,945. Forestar Group has a 52 week low of $12.77 and a 52 week high of $25.95. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.22.
Forestar Group Company Profile
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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