Zacks Investment Research downgraded Meritage Homes Corp (NYSE:MTH) to Sell in a statement released earlier today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Meritage Homes Corp (NYSE:MTH) to Sell in a report released on Thursday January 12, 2017.
Previously on Friday January 06, 2017, Barclays reported on Meritage Homes Corp (NYSE:MTH) upped the target price from $0.00 to $36.00 that suggested a downside of -0.01%.
Showing a price of $35.95, Meritage Homes Corp (NYSE:MTH) traded 2.13% higher on the day. With the last stock price close up 1.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the same time period. MTH has recorded a 50-day moving average of $36.33 and a two hundred day average of $35.50. Volume of trade was down over the average, with 214,454 shares of MTH changing hands under the typical 295,684
Meritage Homes Corp has a 52 week low of $25.48 and a 52 week high of $41.22 with a PE ratio of 10.03 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 11 firms have reported on MTH. The one year target is $38.73 with zero firms rating the stock a strong buy, 0 firms rating the stock a buy, zero brokerages rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
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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