Alert: Major Price Advance (11/14/23)-Hovnanian Enterprises Inc. (NYSE: HOV).


Hovnanian Enterprises Inc. (NYSE: HOV) stock enjoyed a major increase of 10.6% on 11/14/23. The shares closed at $90.59. The stock has risen 13.7% during the last week and has been exceptionally strong relative to the market over the last nine months.


Current PriceTarget Research Rating

HOV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 97 and a very high Power Rating of 97, producing 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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