Unexciting Stocks With Upside Potential? Hovnanian Enterprises, Inc. (HOV), Central Pacific Financial Corp (CPF) and Empire State Realty Trust Inc (ESRT)
New York, NY – GDP INSIDER – 05/05/2014.
This article discusses three companies: Hovnanian Enterprises, Inc. (NYSE:HOV), Central Pacific Financial Corp (NYSE:CPF) and Empire State Realty Trust Inc (NYSE:ESRT)
Hovnanian Enterprises, Inc. (NYSE:HOV) continued its recent downward trend yesterday with the stock declining 1.59% or $0.05 to finish the day at $3.10 on lower than average trading volume of 1.288 million, compared to its three month average trading volume of 1.98 million. The US based homebuilding and financial services provider has been losing so far this year with the stock down 24.94% year to date, compared to the S&P 500 which is up 2.70% over the same period. However, with an RSI of 32.49 and MACD diverging in bearish direction, it is best to hold for now with a view to buy in the near term.
Central Pacific Financial Corp (NYSE:CPF) continued to climb yesterday with the stock inching up 0.83% or $0.19 to close its trading session at $22.99 with only 0.267 million shares changing hands, compared to its three month average trading volume of 0.225 million shares. The commercial banking services provider has been posting strong gains over the last six months, with the stock now up 27.96% for the year so far. With a one year target estimate of $24.80 and quarterly earnings growth of 26.10% year on year, it is a definite hold for now.
Empire State Realty Trust Inc (NYSE:ESRT) continued to decline yesterday with the stock sliding another 0.06% or $0.01 to close the day at $17.96 on light trading of 0.517 million shares, compared to its three month average trading volume of 0.820 million. The real estate investment trust focused on New York and Manhattan has gained 17.69% over the past one year, outperforming the S&P 500 which has gained only 13.21% over the same period. The stock is now well on track to meet or exceed its one year target estimate of $20.50, making it a hold with a view to buy.
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