Stocks Under $10: Hovnanian

Richard Suttmeier |

Hovnanian (HOV) – ($6.11) has been upgraded to Buy from Hold according to ValuEngine with fair value at $4.87, which makes the stock 23.7% overvalued. The one-year price target is $6.40. ValuEngine Profile – “Hovnanian Enterprises, Inc. is one of the nation's largest homebuilders. The Company's homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes. The Company has operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. As the developer of K. Hovnanian's Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes.”

Analysis – The daily chart for HOV shows declining momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $6.03, $5.69 and $5.18. My quarterly value level is $3.68 with a semiannual pivot at $6.00, and weekly risky level at $6.19.        

 


Courtesy of Thomson / Reuters

 

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

HOV

HOVNANIAN

6.11

4.87

6.40

254.71

-4.94

43.85


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Companies

Symbol Name Price Change % Volume
HOV Hovnanian Enterprises Inc. Class A 1.66 -0.05 -2.92 1,278,175
TRMR Tremor Video Inc. 1.57 -0.02 -1.26 54,306

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