Hovnanian Enterprises Inc. (NYSE: HOV) has reported earnings for its fourth fiscal quarter (ending October 31) of $13.84 versus $13.98 for the same period a year ago — a decline of -1%. E.P.S. were $34.40 for the latest four quarters through October 31 versus $28.76 for the same period a year ago — an increase of 20%.
Recent Price Action
Hovnanian Enterprises Inc. (NYSE: HOV) stock suffered a large decline of -6.7% on 12/5/24. The stock closed at $177.29. Moreover, unusually high trading volume at 197% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.2% during the last week.
Current PriceTarget Research Rating
Hovnanian Enterprises has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hovnanian Enterprises has a very high Appreciation Score of 87 and a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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