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Hovnanian Enterprises (HOV) Catches Eye: Stock Up 8.5%

Hovnanian Enterprises, Inc. HOV was a big mover last session, as the company saw its shares rise above 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session amid anticipation that the company might report narrower loss when it reports its financial results on Dec 8, and the possibility of the company swinging to profit in 2017. This continues the recent uptrend for the company as the stock is now up more than 41% in the past one-month time frame.

In the last 30 days, the company has seen no estimate revisions and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.             

Hovnanian Enterprises currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another well-ranked Biulding Material-Home builder stock is Beazer Homes USA, Inc. BZH, which has the same Zacks Rank as Hovnanian Enterprises. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
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