MKM Partners Increases NVR Price Target to $915.00 (NVR)
Equities research analysts at MKM Partners increased their price objective on shares of NVR (NYSE:NVR) from $861.00 to $915.00 in a research note issued to investors on Thursday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price suggests a potential downside of 9.40% from the company’s current price.
NVR (NYSE:NVR) traded down 0.98% on Thursday, hitting $1000.00. The stock had a trading volume of 6,981 shares. NVR has a 52 week low of $830.00 and a 52 week high of $1100.00. The stock has a 50-day moving average of $987.9 and a 200-day moving average of $929.9. The company has a market cap of $4.548 billion and a P/E ratio of 21.90.
NVR (NYSE:NVR) last released its earnings data on Monday, October 21st. The company reported $17.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.26 by $2.41. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $10.33 earnings per share. NVR’s revenue was up 36.6% compared to the same quarter last year. On average, analysts predict that NVR will post $49.83 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of NVR from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. They now have a $997.70 price target on the stock. Analysts at Susquehanna upgraded shares of NVR from a “neutral” rating to a “positive” rating in a research note to investors on Friday, October 11th. They now have a $1,100.00 price target on the stock, up previously from $1,000.00. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. NVR has a consensus rating of “Hold” and a consensus price target of $1,008.54.
NVR, Inc (NYSE:NVR) is a homebuilder in the United States.
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