Goldman Sachs Resumes Beazer Homes (BZH) at Neutral
Tweet
Share
E-mailGet Alerts BZH Hot Sheet
Price: $26.48 -2.11%
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Join SI Premium – FREE
Goldman Sachs resumes coverage on Beazer Homes (NYSE: BZH) with a Neutral. PT $19.00.
The analyst comments, "Beazer has made a solid effort working to return to profitability, but we believe it is too early to get into a name with this higher level of risk. Beazer is working on improving its cost structure and its improvements in gross margins during 2013 have been impressive. We believe the company has ample liquidity and would be helped by the recent land banking agreement to drive expansion plans during the recovery. However, we believe that the Street is now partially pricing this turnaround in and there is still risk to the story. Further, Beazer currently does not have best exposure in our most preferred markets and caters to the lower end."
For an analyst ratings summary and ratings history on Beazer Homes click here. For more ratings news on Beazer Homes click here.
Shares of Beazer Homes closed at $17.83 yesterday.
The analyst comments, "Beazer has made a solid effort working to return to profitability, but we believe it is too early to get into a name with this higher level of risk. Beazer is working on improving its cost structure and its improvements in gross margins during 2013 have been impressive. We believe the company has ample liquidity and would be helped by the recent land banking agreement to drive expansion plans during the recovery. However, we believe that the Street is now partially pricing this turnaround in and there is still risk to the story. Further, Beazer currently does not have best exposure in our most preferred markets and caters to the lower end."
For an analyst ratings summary and ratings history on Beazer Homes click here. For more ratings news on Beazer Homes click here.
Shares of Beazer Homes closed at $17.83 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Starts Compass Gas e Energia SA (PASS3:BZ) at Buy
- HSBC Downgrades Hermes International (RMS:FP) (HESAY) to Hold
- JPMorgan Starts Nippon Life India Asset Management Ltd (NAM:IN) at Overweight
Create E-mail Alert Related Categories
Analyst Comments, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
