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Conference/Events
Forestar Group management to meet virtually with BTIG » 04:55
02/10/21
02/10
04:55
02/10/21
04:55
FOR

Forestar Group

$23.69 /

-0.19 (-0.80%)

Virtual Meeting to be…

Virtual Meeting to be held on February 10 hosted by BTIG.

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FOR Forestar Group
$23.69 /

-0.19 (-0.80%)

01/22/21 Citi
Forestar Group price target raised to $30 from $26 at Citi
04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
FOR Forestar Group
$23.69 /

-0.19 (-0.80%)

Conference/Events
Forestar Group management to meet virtually with BTIG » 10:48
02/03/21
02/03
10:48
02/03/21
10:48
FOR

Forestar Group

$22.33 /

-0.05 (-0.22%)

Virtual Meeting to be…

Virtual Meeting to be held on February 10 hosted by BTIG.

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FOR Forestar Group
$22.33 /

-0.05 (-0.22%)

01/22/21 Citi
Forestar Group price target raised to $30 from $26 at Citi
04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
FOR Forestar Group
$22.33 /

-0.05 (-0.22%)

Over a month ago
Recommendations
Forestar Group price target raised to $30 from $26 at Citi » 08:01
01/22/21
01/22
08:01
01/22/21
08:01
FOR

Forestar Group

$22.83 /

+0.215 (+0.95%)

Citi analyst Anthony…

Citi analyst Anthony Pettinari raised the firm's price target on Forestar Group to $30 from $26 and reiterates a Buy rating on the shares following the company's "solid beat."

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FOR Forestar Group
$22.83 /

+0.215 (+0.95%)

FOR Forestar Group
$22.83 /

+0.215 (+0.95%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
FOR Forestar Group
$22.83 /

+0.215 (+0.95%)

Earnings
Forestar Group reports Q1 EPS 46c, consensus 37c » 16:08
01/21/21
01/21
16:08
01/21/21
16:08
FOR

Forestar Group

$22.77 /

+0.155 (+0.69%)

Reports Q1 revenue…

Reports Q1 revenue $307.1M, consensus $261.51M. Donald J. Tomnitz, Chairman of the Board, said, "The Forestar team is off to a great start in fiscal 2021 with over 3,500 lot deliveries during our first fiscal quarter. Housing market conditions remain favorable across the country, and we now expect to deliver between 13,500 and 14,000 lots in fiscal 2021 as we continue to consolidate market share in the fragmented and under-capitalized U.S. lot development industry. Forestar's return-focused business model is centered on our high turnover, lower risk lot manufacturing strategy. We are well positioned to effectively operate through changing economic conditions due to our low net leverage and strong liquidity position, our low overhead model and our strategic relationship with D.R. Horton, the nation's largest homebuilder. With 77,500 lots owned and controlled at December 31, 2020, we expect continued robust growth and increasing profitability and returns in the coming years."

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FOR Forestar Group
$22.77 /

+0.155 (+0.69%)

FOR Forestar Group
$22.77 /

+0.155 (+0.69%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
FOR Forestar Group
$22.77 /

+0.155 (+0.69%)

Over a quarter ago
Earnings
Forestar Group reports Q4 EPS 50c, consensus 23c » 17:19
11/05/20
11/05
17:19
11/05/20
17:19
FOR

Forestar Group

$18.05 /

+0.22 (+1.23%)

Reports Q4 revenue…

Reports Q4 revenue $347.6M, consensus $202.1M. Donald J. Tomnitz, Chairman of the Board, said, "Housing market conditions remain favorable across the country, and Forestar is consolidating market share in the fragmented and under-capitalized U.S. lot development industry. The Forestar team achieved a strong fiscal 2020 with over 10,000 lot deliveries, and we now expect to deliver between 13,000 and 13,500 lots in fiscal 2021. Forestar's return-focused business model is centered on our high turnover, lower risk lot manufacturing strategy, and we are well positioned to effectively operate through changing economic conditions due to our low net leverage and strong liquidity position, our low overhead model and our strategic relationship with D.R. Horton, the nation's largest homebuilder. With approximately 60,500 lots owned and controlled at September 30, 2020, we expect continued robust growth in the coming years."

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FOR Forestar Group
$18.05 /

+0.22 (+1.23%)

FOR Forestar Group
$18.05 /

+0.22 (+1.23%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
FOR Forestar Group
$18.05 /

+0.22 (+1.23%)

Hot Stocks
Forestar Group: Lot sales pace increased in May and June » 16:15
07/23/20
07/23
16:15
07/23/20
16:15
FOR

Forestar Group

$17.12 /

+0.43 (+2.58%)

The company's lot…

The company's lot sales pace declined in late March and April as homebuilders slowed their purchases of lots to adjust to lower expected levels of home sales orders as a result of the pandemic. However, as housing market conditions began to improve during May and June, the company's lot sales pace increased. Even with the improvement in demand in May and June, the company remains cautious as to the impact C-19 may have on its operations and on the overall economy in the future. There is significant uncertainty regarding the extent to which and how long C-19 and its related effects will have on the U.S. economy, capital markets and demand for the company's lots. The extent to which C-19 impacts Forestar's operational and financial performance will depend on future developments, including the duration and spread of C-19 and the impact on the Company's customers, trade partners and employees, all of which are highly uncertain and cannot be predicted.

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FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

  • 26
    Sep
Earnings
Forestar Group reports Q3 EPS 21c vs. 16c last year » 16:14
07/23/20
07/23
16:14
07/23/20
16:14
FOR

Forestar Group

$17.12 /

+0.43 (+2.58%)

Reports Q3 revenue…

Reports Q3 revenue $177.9M vs. $88.2M last year. Residential lots sold in the quarter increased 75% to 2,023 lots compared to 1,158 lots in the same quarter of fiscal 2019. Donald J. Tomnitz, Chairman of the Board, said, "Forestar remains uniquely positioned to consolidate market share in the under-served lot development market that lacks well-capitalized and national participants. As housing market conditions improved in May and June, Forestar was able to quickly respond to the increased demand for residential lots and deliver solid third quarter results. We appreciate the continued efforts of our dedicated teams across the country who are focused on developing finished lots for homes at affordable price points during the COVID-19 pandemic. Our priority continues to be the health and safety of our people and the communities we serve. Forestar is well positioned to effectively operate during changing economic conditions due to our low net leverage and strong liquidity position, our low overhead model and our strategic relationship with D.R. Horton, the nation's largest homebuilder."

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FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
FOR Forestar Group
$17.12 /

+0.43 (+2.58%)

  • 26
    Sep
Earnings
Forestar Group sees FY20 EPS 90c-$1.20, consensus $1.39 » 16:44
05/07/20
05/07
16:44
05/07/20
16:44
FOR

Forestar Group

$13.42 /

+0.29 (+2.21%)

Sees FY20 revenue…

Sees FY20 revenue $410M-$430M, consensus $465.76M.

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FOR Forestar Group
$13.42 /

+0.29 (+2.21%)

04/29/20
Fly Intel: Top five analyst initiations
04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
Initiation
Fly Intel: Top five analyst initiations » 10:05
04/29/20
04/29
10:05
04/29/20
10:05
DD

DuPont

$48.50 /

+2.08 (+4.48%)

, JCOM

j2 Global

$78.91 /

+1.82 (+2.36%)

, ROKU

Roku

$120.66 /

+1.33 (+1.11%)

, FOR

Forestar Group

$14.02 /

+0.88 (+6.70%)

, VIE

Viela Bio

$45.00 /

+2.3 (+5.39%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DuPont (DD) initiated with an Overweight at Wells Fargo. 2. j2 Global (JCOM) initiated with an Overweight at JPMorgan. 3. Roku (ROKU) initiated with a Buy at Benchmark. 4. Forestar Group (FOR) initiated with a Buy at Citi. 5. Viela Bio (VIE) initiated with an Outperform at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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DD DuPont
$48.50 /

+2.08 (+4.48%)

04/29/20 Wells Fargo
DuPont initiated with an Overweight at Wells Fargo
04/20/20
Fly Intel: Top five analyst upgrades
04/20/20 BMO Capital
DuPont price target lowered to $55 from $75 at BMO Capital
04/20/20 JPMorgan
JPMorgan upgrades DuPont with 45% upside potential by year-end
JCOM j2 Global
$78.91 /

+1.82 (+2.36%)

04/29/20 JPMorgan
j2 Global initiated with an Overweight, $105 target at JPMorgan
04/29/20 JPMorgan
j2 Global initiated with an Overweight at JPMorgan
04/02/20
Fly Intel: Top five analyst initiations
04/02/20 Barclays
j2 Global initiated with an Equal Weight at Barclays
ROKU Roku
$120.66 /

+1.33 (+1.11%)

04/29/20 Benchmark
Benchmark starts 'long-term winner' Roku at Buy
04/29/20 Benchmark
Roku initiated with a Buy at Benchmark
04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Guggenheim
Guggenheim downgrades Roku to Neutral with stay-at-home enthusiasm priced in
FOR Forestar Group
$14.02 /

+0.88 (+6.70%)

04/29/20 Citi
Forestar Group initiated with a Buy at Citi
04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
01/13/20 JPMorgan
Forestar Group initiated with a Neutral at JPMorgan
VIE Viela Bio
$45.00 /

+2.3 (+5.39%)

04/29/20 Wedbush
Wedbush bullish on Viela Bio, initiates with an Outperform
04/28/20 Wedbush
Viela Bio initiated with an Outperform at Wedbush
04/06/20 Goldman Sachs
Viela Bio downgraded to Sell from Neutral at Goldman Sachs
02/18/20 H.C. Wainwright
Viela Bio initiated with a Buy at H.C. Wainwright
Initiation
Forestar Group initiated with a Buy at Citi » 06:28
04/29/20
04/29
06:28
04/29/20
06:28
FOR

Forestar Group

$13.14 /

+1.11 (+9.23%)

Citi analyst Anthony…

Citi analyst Anthony Pettinari initiated coverage of Forestar Group with a Buy rating and $16 price target. Despite coronavirus damage to the U.S. economy, current homebuilder share prices provide a historically attractive entry point, Pettinari tells investors in a research note. Given lean inventories and balanced land positions, the analyst expects homebuilder acquisitions to return in mid-2021 as the housing market recovers.

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FOR Forestar Group
$13.14 /

+1.11 (+9.23%)

04/27/20 BTIG
Forestar Group price target lowered to $19 from $26 at BTIG
04/24/20 Wells Fargo
Forestar Group price target lowered to $14 from $25 at Wells Fargo
01/13/20 JPMorgan
Forestar Group initiated with a Neutral at JPMorgan
07/08/19 Wells Fargo
Forestar Group initiated with an Outperform at Wells Fargo

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