NVR (NYSE:NVR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

NVR (NYSE:NVR - Get Free Report) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $7,200.00 to $7,600.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. JPMorgan Chase & Co.'s price target points to a potential downside of 1.80% from the stock's previous close.

Several other analysts have also commented on NVR. UBS Group lowered their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8,700.00.

NVR Stock Performance

Shares of NVR stock traded down $160.69 during midday trading on Thursday, hitting $7,739.15. 4,946 shares of the company were exchanged, compared to its average volume of 23,844. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The firm has a market capitalization of $22.60 billion, a P/E ratio of 15.93, a PEG ratio of 8.88 and a beta of 0.99. NVR has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm's 50 day moving average price is $7,309.11 and its two-hundred day moving average price is $7,391.97.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 38.32% and a net margin of 15.33%. The firm's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $120.69 EPS. As a group, equities research analysts anticipate that NVR will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On NVR

Several institutional investors have recently bought and sold shares of NVR. JDM Financial Group LLC purchased a new stake in shares of NVR in the fourth quarter valued at $25,000. AdvisorNet Financial Inc acquired a new stake in NVR in the 2nd quarter worth approximately $30,000. Olde Wealth Management LLC acquired a new stake in NVR in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in NVR during the 1st quarter valued at approximately $36,000. Finally, Ridgewood Investments LLC lifted its stake in NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after acquiring an additional 3 shares during the period. Institutional investors own 83.67% of the company's stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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