M.D.C. Holdings (MDC) : Average target price received by M.D.C. Holdings (MDC) is $24.5 with an expected standard deviation of $3.54. The most aggressive target on the stock is $27, whereas the most downbeat target is $22. 2 financial analysts are currently covering the stock.
M.D.C. Holdings (MDC) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on M.D.C. Holdings (MDC). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.25.
Also, Brokerage firm Deutsche Bank downgrades its rating on M.D.C. Holdings (NYSE:MDC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 8, 2016.
M.D.C. Holdings (NYSE:MDC): The stock opened at $26.18 on Thursday but the bulls could not build on the opening and the stock topped out at $26.26 for the day. The stock traded down to $25.54 during the day, due to lack of any buying support eventually closed down at $25.74 with a loss of -1.42% for the day. The stock had closed at $26.11 on the previous day. The total traded volume was 267,202 shares.
M.D.C. Holdings, Inc. (MDC) is engaged in two primary operations, homebuilding and financial services. The Companys homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The Companys homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company, Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency, Inc., and American Home Title and Escrow Company, which provides title agency services to its homebuilding subsidiaries and its customers in certain states.