Hovnanian Enterprises, Inc. (NYSE:HOV) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Zacks Investment Research has upgraded Hovnanian Enterprises, Inc. (NYSE:HOV) to Hold in a statement released on 3/20/2017.
Having a price of $2.33, Hovnanian Enterprises, Inc. (NYSE:HOV) traded -1.27% lower on the day. With the last close up 10.99% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Hovnanian Enterprises, Inc. has recorded a 50-day average of $2.33 and a two hundred day average of $2.10. Volume of trade was down over the average, with 850,826 shares of HOV changing hands under the typical 1,571,360
With a total market value of $0, Hovnanian Enterprises, Inc. has price-earnings ratio of 26.18 with a one year low of $1.41 and a one year high of $2.96 .
A total of 2 analysts have released a report on Hovnanian Enterprises, Inc.. zero analysts rating the company a strong buy, one analyst rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $1.88.
More About Hovnanian Enterprises, Inc. (NYSE:HOV)
Hovnanian Enterprises, Inc. is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. The Company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers and empty nesters.
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