Research analysts at Goldman Sachs decreased their price objective on shares of Hovnanian Enterprises (NYSE:HOV) to $4.75 in a report released on Thursday, Analyst Ratings Net reports. Goldman Sachs’ target price would suggest a potential downside of 1.66% from the stock’s previous close.Hovnanian Enterprises, Inc. (NYSE:HOV) shares after opening at $4.84 moved to $4.93 on last trade day and at the end of the day closed at $4.73. Company price to sales ratio in past twelve months was calculated as 0.37 and price to cash ratio as 2.39. Hovnanian Enterprises, Inc. (NYSE:HOV) showed a negative weekly performance of -4.44%.
General Electric Company (NYSE:GE) is worried that it could be the next target of activist investors, says Charlie Gasparino at Fox Business, citing sources inside the company. GE CEO Jeffrey Immelt and other senior management held a meeting last August with activist investor Nelson Peltz of Trian Partners in what the company has referred to as a ‘leadership meeting’.General Electric Company (NYSE:GE) shares advanced 1.27% in last trading session and ended the day on $25.43. GE return on equity ratio is recorded as 10.40% and its return on assets is 2.00%. General Electric Company (NYSE:GE) yearly performance is 12.08%.
Mexican Cement manufacturing firm Cemex SAB de CV (ADR)(NYSE:CX) has disclosed that its board of directors has decided to convert “Convertible Subordinated Notes” which are being held by institutional investors and who’s principal adds up to $280 million with a 2015 due date into American Depository Shares which will equate to around 27.6 million shares in number. Cemex SAB de CV (ADR) (NYSE:CX) shares moved up 0.75% in last trading session and was closed at $12.15 while trading in range of $12.07 – $12.34 – Cemex SAB de CV (ADR) (NYSE:CX) year to date (YTD) performance is 2.70%.
Capstone Turbine Corporation (NASDAQ:CPST) has been one of the handful of energy companies which have been reporting continued high trading in volumes over the past few weeks. The company in its latest surge, noted in the second week of March, posted 14% increase. Capstone Turbine Corporation (NASDAQ:CPST) weekly performance is 12.24%. On last trading day company shares ended up $2.20. Capstone Turbine Corporation (NASDAQ:CPST) distance from 50-day simple moving average (SMA50) is 30.29%. Analysts mean target price for the company is $2.22.
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