Impact of Brokerage Rating on Hovnanian Enterprises Inc(HOV)

Many Hovnanian Enterprises Inc(HOV) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Hovnanian Enterprises was Downgraded by JMP Securities to Mkt Underperform on Jan 12, 2017.

Company has reported several Insider transactions to the SEC, on Apr 18, 2016, Vincent Jr Pagano (director) purchased 14,535 shares at 1.74 per share price.On Apr 20, 2015, Ara K Hovnanian (director officer 10% owner (Chairman of Bd., Pres) sold 314,937 shares at 3.57 per share price.On Mar 23, 2015, Thomas J. Pellerito (Chief Operating Officer) sold 70,282 shares at 3.44 per share price.

Hovnanian Enterprises Last issued its quarterly earnings results on Dec 8, 2016. The company reported $0.14 EPS for the quarter. Analyst had a consensus estimate of $0.14. The company had revenue of $805.10 million for the quarter, compared to analysts expectations of $847.22 million. The companys revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Hovnanian Enterprises Inc (NYSE:HOV) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.67 by 3 Brokerage Firm. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Hovnanian Enterprises Inc (NYSE:HOV) shares are expected to touch $1.78 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 0.2. The target price could hit $2 on the higher end and $2 on the lower end.

Hovnanian Enterprises Inc (NYSE:HOV) rose 0.86% or 0.02 points on Tuesday and made its way into the gainers of the day. After trading began at $2.31 the stock was seen hitting $2.36 as a peak level and $2.2899 as the lowest level. The stock ended up at $2.34. The daily volume was measured at 1,149,661 shares. The 52-week high of the share price is $2.96 and the 52-week low is $1.38. The company has a market cap of $345 million.

Hovnanian Enterprises, Inc. is one of the nations largest homebuilders. The Companys homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes. The Company has operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. As the developer of K. Hovnanians Four Seasons communities, the Company is also one of the nations largest builders of active adult homes.


Share this post

Leave a Reply