Hovnanian Enterprises Inc (NYSE:HOV) shares traded 4.62% up during most recent session to reach at the closing price of $2.04. The stock exchanged hands 1.85 Million shares versus average trading capacity of 2.4 Million shares, yielding a market cap of $307.37 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.
MKM Partners “Downgrades” Hovnanian Enterprises Inc (NYSE:HOV) in a research note issued to investors on 12/22/17 to Sell with price target of $0.
Additionally on 1/12/17 JMP Securities “Downgrades” Hovnanian Enterprises Inc (NYSE:HOV) to Market Underperform setting price target at $0 and on 3/29/16 Deutsche Bank “Maintained” the stock to Hold at $2. Furthermore on 6/12/15 Compass Point “Maintained” the stock to Neutral at $3.
On the other hand the company has Relative Strength Index (RSI 14) of 35.48 along with Average True Range (ATR 14) of 0.14, Consequently Hovnanian Enterprises Inc (NYSE:HOV)’s weekly and monthly volatility is 5.97%, 6.28% respectively. The company’s beta value is at 1.51.
In terms of Buy, Sell or Hold recommendations, Hovnanian Enterprises Inc (NYSE:HOV) has analysts’ mean recommendation of 4.3. 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 $-0.08 and can go high up to $-0.07. The consensus mean EPS for the current quarter is at $-0.08 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.05 earnings per share for the same quarter during last year.
Previously Hovnanian Enterprises Inc (NYSE:HOV) reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. The company posted an earnings surprise of 700%.
Hovnanian Enterprises Inc (NYSE:HOV)’s revenue estimates for the current quarter are $461.6 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $473 Million in contradiction of low revenue estimates of $450.2 Million. For the current year the company’s revenue estimates are $2.21 Billion compared to low analyst estimates of $2.21 Billion and high estimates of $2.22 Billion according to 2 number of analysts.
Currently Hovnanian Enterprises Inc (NYSE:HOV)’s shares owned by insiders are 3.1%, whereas shares owned by institutional owners are 36.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.06%.
Hovnanian Enterprises Inc (NYSE:HOV) 52-week high price stands at $3.41 and low price stands at $1.66, its price distance from 52-week high is -40.18% while its distance from 52-week low price is 22.89%. The stock hit its 52-week high on 01/02/18, and 52-week low on 09/08/17.
Hovnanian Enterprises Inc (NYSE:HOV)’s trailing twelve month revenues are $2.45 Billion, whereas its price to sales ratio for the same period is 0.13. Its book value per share for the most recent quarter is $-4.03 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 $3.11, however its price to cash per share ratio for the same period is 0.65. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.