Meritage Homes Corp (NYSE:MTH) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 14, 2016
Just yesterday Meritage Homes Corp (NYSE:MTH) traded 0.21% higher at $33.90. Meritage Homes Corp’s 50-day average is $34.56 and its two hundred day moving average is $36.15. The last stock close price is down -6.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade Volume was down over the average, with 162,294 shares of MTH changing hands under the typical 290,918
Zacks Investment Research has downgraded Meritage Homes Corp (NYSE:MTH) to Sell in a statement released on 10/14/2016.
Recent Performance Chart
Meritage Homes Corp has PE ratio of 9.86 with a one year low of $25.48 and a one year high of $41.33 and has a market capitalization of $0.
A total of 11 brokerages have issued a ratings update on MTH. zero analysts rating the company a strong buy, 0 firms rating the stock a buy, zero equity analysts rating the company a hold, 0 brokers rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $38.73.
Brief Synopsis On 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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