Hovnanian Enterprises Inc (HOV) Stock Overview


Hovnanian Enterprises Inc (NYSE:HOV) shares traded 6.18% up during most recent session to reach at the closing price of $2.75. The stock exchanged hands 2.87 Million shares versus average trading capacity of 1.07 Million shares, yielding a market cap of $410.6 Million. Wall Street analysts covering the stock are projecting that the stock will reach $1.52 within the next 52-weeks. The mean target projections are based on 2 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Hovnanian Enterprises Inc (NYSE:HOV) high price target of $1.75 and with a conservative view have low price target of $1.3.

JMP Securities “Downgrades” Hovnanian Enterprises Inc (NYSE:HOV) in a research note issued to investors on 1/12/17 to Market Underperform with price target of $0.

Additionally on 3/29/16 Deutsche Bank “Maintained” Hovnanian Enterprises Inc (NYSE:HOV) to Hold setting price target at $2 and on 6/12/15 Compass Point “Maintained” the stock to Neutral at $3. Furthermore on 6/10/15 MKM Partners “Maintained” the stock to Neutral at $3.

On the other hand the company has Relative Strength Index (RSI 14) of 70.83 along with Average True Range (ATR 14) of 0.12, Consequently Hovnanian Enterprises Inc (NYSE:HOV)’s weekly and monthly volatility is 4.92%, 4.73% respectively. The company’s beta value is at 1.71.

In terms of Buy, Sell or Hold recommendations, Hovnanian Enterprises Inc (NYSE:HOV) has analysts’ mean recommendation of 4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Hovnanian Enterprises Inc (NYSE:HOV)’s minimum EPS for the current quarter is at $-0.02. The consensus mean EPS for the current quarter is at $-0.01 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings.

Hovnanian Enterprises Inc (NYSE:HOV)’s revenue estimates for the current quarter are $578.68 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $581 Million in contradiction of low revenue estimates of $575.8 Million. For the current year the company’s revenue estimates are $2.43 Billion compared to low analyst estimates of $2.42 Billion and high estimates of $2.43 Billion according to 3 number of analysts.

Currently Hovnanian Enterprises Inc (NYSE:HOV)’s shares owned by insiders are 1.7%, whereas shares owned by institutional owners are 33.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 10.48%.

Hovnanian Enterprises Inc (NYSE:HOV) 52-week high price stands at $2.96 and low price stands at $1.52, its price distance from 52-week high is -7.09% while its distance from 52-week low price is 80.92%. The stock hit its 52-week high on 12/20/16, and 52-week low on 11/02/16.

Hovnanian Enterprises Inc (NYSE:HOV)’s trailing twelve month revenues are $2.66 Billion, whereas its price to sales ratio for the same period is 0.15. Its book value per share for the most recent quarter is $-1.82 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $1.88, however its price to cash per share ratio for the same period is 1.46. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 27.23.