Hovnanian Enterprises Stock Target Price and Analyst Consensus

HOV Stock  USD 190.52  2.62  1.36%   
The current analyst and expert consensus on Hovnanian Enterprises is Strong Sell, with no strong buy opinions. The current projected Hovnanian Enterprises target price consensus is 27.00 with 0 analyst opinions. Check out Macroaxis Advice on Hovnanian Enterprises to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.
The most common way Hovnanian Enterprises analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Hovnanian Enterprises executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Hovnanian Enterprises. We encourage you to use your own analysis of Hovnanian Enterprises to validate this buy or sell advice. Hovnanian Enterprises buy-or-sell recommendation module provides average expert sentiment on the projected Hovnanian Enterprises target price to derive its highest and lowest estimates based on projected price volatility of 3.2371.
Lowest Forecast
24.57
Highest Forecast
29.97
Target Price
27
At this time, Hovnanian Enterprises' Pretax Profit Margin is fairly stable compared to the past year. Operating Profit Margin is likely to climb to 0.12 in 2024, whereas Gross Profit is likely to drop slightly above 343.4 M in 2024. At this time, Hovnanian Enterprises' Net Tangible Assets are fairly stable compared to the past year. Long Term Debt Total is likely to climb to about 1.6 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 1.2 B in 2024.
  
It's important to approach Hovnanian Enterprises' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Hovnanian Enterprises price targets

Hovnanian Enterprises' stock target price is an estimate of its future price, usually made by analysts. Using Hovnanian Enterprises' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Hovnanian Enterprises' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Hovnanian Enterprises' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Hovnanian Enterprises Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Hovnanian Enterprises is a key component of Hovnanian Enterprises valuation and have some predictive power on the future returns of a Hovnanian Enterprises.
Hype
Prediction
LowEstimatedHigh
188.77191.98195.19
Details
Intrinsic
Valuation
LowRealHigh
103.07106.28209.57
Details
Naive
Forecast
LowNextHigh
197.78200.99204.21
Details

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Additional Tools for Hovnanian Stock Analysis

When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.