Hovnanian Enterprises Inc. (HOV) Reports Q4 EPS of $1.95, Revenue Beats

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Go back to Hovnanian Enterprises Inc. (HOV) Reports Q4 EPS of $1.95, Revenue Beats

Compass Point Downgrades Hovnanian Enterprises (HOV) to Neutral

December 12, 2014 7:55 AM EST

Compass Point downgraded Hovnanian Enterprises (NYSE: HOV) from Buy to Neutral with a price target of $4.50.

Analyst Wilkes Graham commented, "HOV reported strong year-end earnings with 4Q14 core EPS of $0.23 versus our estimate of $0.20 and the Street's consensus of $0.21. HOV was able to reverse a portion of their DTA during the quarter ($285M), leaving only approximately $646M... More