As key valuation metrics such as the discount rate and future P/E ratio for Forestar Group remained virtually unchanged, the consensus analyst price target was maintained at $29.25.
What's in the News
- Forestar Group lowered full-year lot delivery guidance to 14,500–15,000 from 15,000–15,500, while maintaining revenue guidance at $1.50–$1.55 billion.
- Forestar Group was dropped from multiple Russell growth and small-cap indexes, including Russell 2000 Growth, Russell 2500 Growth, Russell 3000 Growth, Russell 3000E Growth, Russell Small Cap Comp Growth, Russell 2000 Dynamic, and related defensive indexes.
Valuation Changes
Summary of Valuation Changes for Forestar Group
- The Consensus Analyst Price Target remained effectively unchanged, at $29.25.
- The Discount Rate for Forestar Group remained effectively unchanged, moving only marginally from 9.50% to 9.51%.
- The Future P/E for Forestar Group remained effectively unchanged, at 12.62x.
Disclaimer
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