Meritage Homes Corp (NYSE:MTH) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Boasting a price of $34.66, Meritage Homes Corp (NYSE:MTH) traded -1.92% lower on the day. With the last close down -5.57% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $34.75 and a 200-day moving average of $36.18. 211,889 shares of the stock were exchanged, down from an average trading volume of 316,158
Zacks Investment Research has downgraded Meritage Homes Corp (NYSE:MTH) to Hold in a statement released on 10/5/2016.
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Meritage Homes Corp has a 52 week low of $25.48 and a 52 week high of $41.33 with a P/E ratio of 9.93 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 11 brokers have issued a report on the stock. The consensus target price is $38.73 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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