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


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
HOV Hovnanian Enterprises Inc. Class A 2.30 0.13 5.99 3,701,169
TRMR Tremor Video Inc. 2.14 0.13 6.24 183,215

Comments

Emerging Growth

Altair Resources Inc.

Altair Resources Inc, formerly Altair Gold Inc acquires, explores and develops mineral properties in Canada. The Company is in the process of exploring its mineral properties.

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…