Loading...
Loading...
In a report published Monday, Sterne Agee analyst Jay McCanless reduced his rating on
NVRNVR from Buy to Neutral following the company's stock price exceeding the analyst's $1,150.00 price target.
McCanless noted that this downgrade is a direct result from NVR's 9.2% increase since the beginning of 2014. The analyst commented, “We believe the current valuation fairly reflects the growth we expect over the next twelve months, and we do not see a catalyst worthy of a higher target price or higher valuation multiple.”
Sterne Agee's EPS estimates for FY14 and FY15 remain unchanged.
Shares of NVR, Inc. closed at $1,153.41 on Friday and are currently down 1.79% at $1,132.77.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in