Homebuilder NVR Strong Sell, Says Zacks

Published February 05, 2009, 2:00 p.m. EST

1 Min Read

NVR Inc., a homebuilder headquartered in Reston, Va., has been given a No. 5 (Strong Sell) rating from Zacks.com. In a statement issued on Feb. 5, 2008, Chicago-based Zacks said NVR's fourth quarter 2008 loss was a result of being "battered by the prolonged downturn in the housing sector." NVR had been profitable in the fourth quarter 2007. Furthermore earnings have been shrinking steadily for the past 2 years. Analysts now expect NVR to earn $18.98 in fiscal 2009, down from $20.30 per share."

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