Where Does Forestar Group Inc. (FOR) Stock Can Go From Here?

On Tuesday, shares of Forestar Group Inc. (NYSE:FOR) marked $16.00 per share versus a previous $16.14 closing price. With having a -0.87% loss, an insight into the fundamental values of Forestar Group Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. FOR showed a fall of -23.26% within its YTD performance, with highs and lows between $9.43 – $23.11 during the period of 52 weeks, compared to the simple moving average of -6.26% in the period of the last 200 days.

Citigroup equity researchers changed the status of Forestar Group Inc. (NYSE: FOR) shares to a “Buy” rating in the report published on April 29th, 2020. Other analysts, including JP Morgan, also published their reports on FOR shares. JP Morgan repeated the rating from the previous report, marking FOR under “Neutral” rating, in the report published on January 13th, 2020. Additionally, FOR shares got another “Outperform” rating from Wells Fargo. On June 5th, 2019, Buckingham Research Initiated an Buy rating and increased its price target to $23. On the other hand, BTIG Research Initiated the “Buy” rating for FOR shares, as published in the report on April 16th, 2019. BofA/Merrill seems to be going bullish on the price of FOR shares, based on the price prediction for FOR, indicating that the shares will jump to $19, giving the shares “Buy” rating based on their report from January 10th, 2019. Another “Buy” rating came from DA Davidson, providing a prediction for $19 price target according to the report published in January 25th, 2013.

Forestar Group Inc. (FOR) Analysis

The present dividend yield for FOR owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 143.60%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Forestar Group Inc. (FOR) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 5.80% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while FOR is currently recording an average of 139.24K in volumes. The volatility of the stock on monthly basis is set at 4.18%, while the weekly volatility levels are marked at 4.53%with 8.11% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $17.25, indicating growth from the present price of $16.00, which can represent yet another valuable research and analysis points that can help you decide whether to invest in FOR or pass.

What to Look for When Analyzing Forestar Group Inc. Shares?

Forestar Group Inc. (FOR) is based in the USA and it represents one of the well-known company operating with Real Estate sector. If you wish to compare FOR shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 15.73 for Forestar Group Inc., while the value 16.95 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.02 is supported by the yearly EPS growth of -53.70%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.10%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 32.30% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in FOR Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in FOR in the recent period. That is how Long Pond Capital LP now has an increase position in FOR by 0.00% in the first quarter, owning 4.68 million shares of FOR stocks, with the value of $70.6 million after the purchase of an additional 0 shares during the last quarter. In the meanwhile, BlackRock Fund Advisors also increased their stake in FOR shares changed 26.02% in the first quarter, which means that the company now owns 1.08 million shares of company, all valued at $16.34 million after the acquisition of additional 223,732 shares during the last quarter.

Dimensional Fund Advisors LP acquired a new position in Forestar Group Inc. during the first quarter, with the value of $7.21 million, and Credit Suisse Securities increased their stake in the company’s shares by 1.93% in the first quarter, now owning 5,892 shares valued at $4.68 million after the acquisition of the additional 310458 shares during the last quarter. In the end, SSgA Funds Management, Inc. increased their position by 21.35% during the first quarter, now owning 284711 FOR shares, now holding the value of $4.29 million in FOR with the purchase of the additional 106,404 shares during the period of the last quarter. At the present, 32.30% of FOR shares are in the ownership of institutional investors.