UBS Sticks to Its Hold Rating for NVR (NVR)
In a report released today, John Lovallo from UBS maintained a Hold rating on NVR, with a price target of $8,100.00.
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Lovallo covers the Consumer Cyclical sector, focusing on stocks such as Meritage, NVR, and DR Horton. According to TipRanks, Lovallo has an average return of 9.7% and a 60.43% success rate on recommended stocks.
In addition to UBS, NVR also received a Hold from TipRanks – Anthropic’s Anthropic Residential Construction in a report issued yesterday. However, today, Bank of America Securities maintained a Buy rating on NVR (NYSE: NVR).
Based on NVR’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.51 billion and a net profit of $342.69 million. In comparison, last year the company earned a revenue of $2.74 billion and had a net profit of $429.32 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVR in relation to earlier this year. Earlier this month, Matthew Kelpy, the VP & CAO of NVR sold 500.00 shares for a total of $4,050,000.00.
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