-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Our 12-month target price of $5,519 (lowered from $6,100), is 14.5x our 2027 EPS view of $380.20. Our multiple is in line with the 10-year mean, which we think captures NVR's low overlapping competitive footprint and a hesitant U.S. consumer due to high housing prices. We lowered our 2026 EPS view to $344.92 (from $405.94) and 2027's to $380.20 (from $420.72). After a miss on performance in Q1, we think revenue expectations for 2026 have been somewhat adjusted. As a larger player, NVR should continue to maintain its market share, though in a deteriorating environment, this could prove costly. We model average selling price pressures through 2026 and investment in its SG&A pressuring margins. Although it is not our base case, in a deteriorating environment, we could see NVR increase its debt load. On a valuation basis, shares currently trade at a 30% premium to peers vs. its historical 70% premium, which we view as warranted, given consumer uncertainty, rather than as a buying opportunity.