HOVNP - Weekly. Further Upside Possible.

Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construct, market, and sell single-family attached town homes and condominiums, urban infill, and planned residential developments. It operates through the following segments: Homebuilding Operation, Financial Services, and Corporate. The Homebuilding Operation segment consists of the following geographical segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. The Financial Services segment offers mortgage loans and title services to the customers of homebuilding operations. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.

SHORT INTEREST
209 07/31/19

P/E Current
17.05

P/E Ratio (with extraordinary items)
12.91

P/E Ratio (without extraordinary items)
49.03


Average Recommendation: HOLD

Average Target Price: 11.00