On 7/11/24, Hovnanian Enterprises Inc. (NYSE: HOV) stock enjoyed a major increase of 11.1%, closing at $155.95. Moreover, this advance was accompanied by above average trading volume at 140% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HOV is expected to continue to be a major Value Builder.
Hovnanian Enterprises has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hovnanian Enterprises has a very high Appreciation Score of 92 and a very high Power Rating of 95, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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