Hovnanian Enterprises Inc (NYSE:HOV) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3 by 3 Brokerage Firm. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its rating on Hovnanian Enterprises Inc (NYSE:HOV). The global brokerage major lowers the current price target from $2.4 per share to $2 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on March 29, 2016.
Hovnanian Enterprises Inc (NYSE:HOV) stock has received a short term price target of $ 1.88 from 2 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $0.18. The higher estimate of target price is $2 , while the lower price target estimate is $2
Hovnanian Enterprises Inc (NYSE:HOV) witnessed a decline in the market cap on Tuesday as its shares dropped 2.94% or 0.05 points. After the session commenced at $1.74, the stock reached the higher end at $1.74 while it hit a low of $1.64. With the volume soaring to 899,128 shares, the last trade was called at $1.65. The company has a 52-week high of $2.91. The company has a market cap of $243 million and there are 147,120,130 shares in outstanding. The 52-week low of the share price is $1.19.
Shares of Hovnanian Enterprises Inc. rose by 4.43% in the last five trading days and 1.23% for the last 4 weeks. Hovnanian Enterprises Inc. is up 6.45% in the last 3-month period. Year-to-Date the stock performance stands at -8.84%.
Hovnanian Enterprises, Inc. (Hovnanian) design, construct, market, and sell single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, including New Jersey and Pennsylvania; Mid-Atlantic, including Delaware, Maryland, Virginia, West Virginia, and Washington, D.C; Midwest, including Illinois, Minnesota and Ohio; Southeast, including Florida, Georgia, North Carolina and South Carolina; Southwest, including Arizona and Texas, and West, including California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. During fiscal year ended October 31, 2013 (fiscal 2013), the Company had delivered 5,266 homes.