A statement released earlier today by Zacks Investment Research about Meritage Homes Corp (NYSE:MTH) bumps the target price to $38.00
- Updated: September 27, 2016
Stating a potential upside of 0.11%, Zacks Investment Research upped the price target of Meritage Homes Corp (NYSE:MTH) to $38.00
Having a price of $34.36, Meritage Homes Corp (NYSE:MTH) traded 1.27% higher on the day. With the last close down -5.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Meritage Homes Corp has recorded a 50-day average of $34.89 and a two hundred day average of $36.23. Volume of trade was up over the average, with 426,025 shares of MTH changing hands over the typical 329,027
With a total market value of $0, Meritage Homes Corp has price-earnings ratio of 9.99 with a one year low of $25.48 and a one year high of $41.33 .
A total of 11 analysts have released a report on Meritage Homes Corp. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $38.73.
More About Meritage Homes Corp (NYSE:MTH)
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee. Its homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets, where it operates under the Legendary Communities brand.
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