Zacks: Analysts Set $21.50 Price Target for AV Homes Inc (AVHI)

AV Homes Inc (NASDAQ:AVHI) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price target of $21.50 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned AV Homes an industry rank of 66 out of 255 based on the ratings given to its competitors.

AVHI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of AV Homes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. BidaskClub cut shares of AV Homes from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th.

Shares of AV Homes traded up $0.05, reaching $21.50, during midday trading on Friday, MarketBeat reports. 13,067 shares of the company’s stock were exchanged, compared to its average volume of 187,895. The company has a market capitalization of $480.49 million, a price-to-earnings ratio of 28.99 and a beta of 0.54. AV Homes has a 12 month low of $14.65 and a 12 month high of $21.80. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.55 and a current ratio of 2.55.

AV Homes (NASDAQ:AVHI) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The business had revenue of $152.01 million for the quarter, compared to the consensus estimate of $167.40 million. AV Homes had a positive return on equity of 1.73% and a negative net margin of 3.18%. sell-side analysts forecast that AV Homes will post 1.33 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of AV Homes by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,195,577 shares of the financial services provider’s stock worth $22,178,000 after purchasing an additional 93,182 shares in the last quarter. Quantum Capital Management increased its position in shares of AV Homes by 31.8% during the 1st quarter. Quantum Capital Management now owns 108,013 shares of the financial services provider’s stock worth $2,004,000 after purchasing an additional 26,030 shares in the last quarter. LSV Asset Management increased its position in shares of AV Homes by 44.5% during the 1st quarter. LSV Asset Management now owns 221,527 shares of the financial services provider’s stock worth $4,109,000 after purchasing an additional 68,269 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of AV Homes during the 4th quarter worth about $391,000. Finally, Deutsche Bank AG increased its position in shares of AV Homes by 49.1% during the 4th quarter. Deutsche Bank AG now owns 101,828 shares of the financial services provider’s stock worth $1,695,000 after purchasing an additional 33,550 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

About AV Homes

AV Homes, Inc engages in the homebuilding and community development businesses in Florida, the Carolinas, Arizona, and Texas markets. The company is involved in the acquisition, development, and building of active adult communities, which are age-restricted to the age 55 and over active adult demographic; and primary residential home communities under local Savvy Homes, Bonterra Builders, Royal Oak Homes, and Oakdale-Hampton brands for first-time and move-up buyers.

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