UPDATE: KeyBanc Starts NVR Inc. (NVR) at Overweight

(Updated - February 22, 2021 4:55 AM EST)

KeyBanc analyst Kenneth Zener initiates coverage on NVR Inc. (NYSE: NVR) with a Overweight rating and a price target of $5,450.00.

The analyst comments "NVR's unique land-absent model lowers risk, while its pre-fab factory models increase efficiency, resulting in leading returns on inventory, supporting our Overweight rating ($5,450 price target). NVR's model limits rapid expansion into unserved markets, limiting its base of investors, but its lower risk model amid rising macro concerns warrants greater consideration by investors, in our view. We issue FY21E EPS of $283 and FY22E EPS of $299, with sales growth of 23% and 5%, respectively."

For an analyst ratings summary and ratings history on NVR Inc. click here. For more ratings news on NVR Inc. click here.

Shares of NVR Inc. closed at $4705.45 yesterday.

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