Short Term Rating on Hovnanian Enterprises Inc (HOV)

Hovnanian Enterprises Inc (HOV) has an average broker rating of 3, which is interpreted as a Hold, as rated by 3 equity analysts. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Hovnanian Enterprises Inc (HOV) : The consensus price target for Hovnanian Enterprises Inc (HOV) is $1.88 for the short term with a standard deviation of $0.18. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $2, however, the pessimist price target for the company is $2.

Company shares have received an average consensus rating of Hold for the current week


Hovnanian Enterprises Inc (NYSE:HOV): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.80 and $1.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.81, notching a gain of 1.12% for the day. The total traded volume was 1,203,289 . The stock had closed at $1.79 on the previous day.

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.

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