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Today’s Research Reports on Stocks to Watch: KB Home and RYB Education

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / November 16, 2018 / Education related stocks including RYB Education were in the red following a concerning announcement regarding Chinese education reform. Shares of KB Home also saw its shares fall on cut guidance and analysts slashing their price targets and downgrading the stock.

MER Initiates Coverage on:

KB Home
https://marketedgereport.com/report/KBH/

RYB Education, Inc.
https://marketedgereport.com/report/RYB/

KB Home shares closed down 15.34% on about 10.5 million shares traded on Thursday. The stock hit a new low of $16.82 after the home building company issued a warning that its fiscal fourth-quarter financial results would likely be worse than originally expected. Guidance for the fourth quarter calls for revenue in the range of $1.31 billion to $1.34 billion. This is $80 million to $110 million lower than previous. Analysts cut their ratings on the stock as well as their price targets after the announcement. Wells Fargo analyst Stephen East cut his target from $35 to $30 and reiterated an "outperform" rating. He wrote, "We believe the sentiment is such that equity gets hit in the very short run, then behaves like the rest of the group—which is likely weak despite the traditional seasonal trade." Bank of America analyst John Lovallo II downgraded KB to "neutral" from "buy" and lowered his price target from $26 to $24. He wrote, "We believe a lower valuation multiple is warranted given the significant order decline and heightened market uncertainty in FY19."

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Access MER’s KB Home Research Report at:
https://marketedgereport.com/report/KBH/

RYB Education, Inc. shares closed down nearly 53% on almost 6 million shares on Thursday. Average trading volume for the stock is just under 79,000 shares. Shares hit a new low of $6.70. While there was no news from the company to explain the loss, it was a detailed policy document regarding Chinese education reform released by the State Council that contributed to shares sinking. According to a statement, the policy is aiming to "prioritize affordable schooling" and "banned all private kindergartens from selling shares to the public either by themselves or as part of asset packages." As part of the initiative, public listed companies are not allowed to invest in private kindergartens through share sales or cash injections under the new policy, according to the report. Education related stocks including RYB Education fell on the news.

Access MER’S RYB Education, Inc. Research Report at:
https://marketedgereport.com/report/RYB/

Our Actionable Research on KB Home (NYSE: KBH) and RYB Education, Inc. (NYSE: RYB) be downloaded free of charge at MarketEdge Report.

MarketEdge Report

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport.com