Is Forestar Group Inc. (NYSE:FOR) a Stock To Hold For The Long Haul?

Shaers of Forestar Group Inc. (NYSE:FOR) have been recommended as a long term growth pick according to Beta Research.  With the firm’s stock price currently trading around $22.00, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 50.40% earnings per share growth over the past 5 years and 7.80% revenue growth over that same time frame. 

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Forestar Group Inc. (NYSE:FOR)’s stock was 0.00%.  Over the last week of the month, it was -0.45%, 28.28% over the last quarter, and  27.17% for the past six months. 

Over the past 50 days, Forestar Group Inc.’s stock is -4.35% off of the high and 34.15% removed from the low.  Their 52-Week High and Low are as follows: -4.35% (High), 78.86%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $17.75 on the equity.   Analysts have a consensus recommendation of 3.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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