5 Cheap Rising Stocks to Buy

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In this article, we will take a look at the 5 cheap rising stocks to buy. To see more such companies, go directly to 10 Cheap Rising Stocks to Buy.

5. KB Home (NYSE:KBH)

Number of Hedge Fund Holders: 31

Homebuilding company KB Home (NYSE:KBH) shares have gained about 16% in the past month through April 4. The stock has a TTM PE ratio of 4.47.

In March, J.P. Morgan upgraded KB Home (NYSE:KBH) to Neutral from Underweight after the company’s strong Q1 report and solid 2023 guidance. JPMorgan’s analyst Michael Rehaut highlighted that KB Home (NYSE:KBH) bought back 2 million shares during the first quarter. The analyst believes KB Home (NYSE:KBH) could buy back more shares through the rest of the year. The analyst now expects KBH’s operating EPS for 2023 at $5.29, matching the average analyst estimate, compared with the $2.57 prior view.

KB Home (NYSE:KBH) expects its housing revenue in 2023 to be in the range of $5.20 billion to $5.90 billion. Average selling price in the period is expected to be in the range of $480,000 to $490,000.

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