KB Home (NYSE:KBH – Free Report) had its price objective lowered by JPMorgan Chase & Co. from $63.00 to $53.00 in a research note released on Monday,Benzinga reports. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.55. Get KB Home alerts:Check Out Our Latest Stock Analysis on KB HomeKB Home Trading Up 1.4%KBH stock opened at $64.19 on Monday. The company has a fifty day moving average price of $62.08 and a two-hundred day moving average price of $56.92. The construction company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11.