Forestar Group Inc. (FOR)
Forestar Group Inc. is a real estate and natural resources company engaged in the development and sale of residential lots and land, as well as the extraction and sale of natural resources such as oil and natural gas. The company focuses on land acquisition, zoning, and development, primarily serving residential and commercial markets. Its operations include managing mineral rights and producing oil and natural gas resources.
Company News
D.R. Horton reported Q3 earnings exceeding analyst expectations with $3.36 EPS, but experienced year-over-year declines in revenue and profitability due to market challenges like high interest rates and affordability concerns.
StreetLeaf, a leading provider of solar-powered streetlights, has installed its 10,000th light in Florida, just in time for hurricane season. The company's solar technology and energy-efficient features are helping communities become more resilient and sustainable.
BTIG reduced its price target for Forestar Group shares to $37 from $41 after the company's Q3 earnings missed estimates. Despite the earnings miss, BTIG maintains a Buy rating, citing Forestar's valuation and growth potential.
Investors need to pay close attention to Forestar Group (FOR) stock based on the movements in the options market lately.
As of April 4, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action...
