Analyst Rating Update on M.D.C. Holdings (MDC)

M.D.C. Holdings (MDC) : 1 brokerage houses believe that M.D.C. Holdings (MDC) is a Strong Buy at current levels. 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. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.17.

M.D.C. Holdings (MDC) : 4 Wall Street analysts covering M.D.C. Holdings (MDC) believe that the average level the stock could reach for the short term is $25.13. The maximum price target given is $28 and the minimum target for short term is around $21, hence the standard deviation is calculated at $3.12.

Company shares have received an average consensus rating of Hold for the current week

M.D.C. Holdings (NYSE:MDC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.72 and $26.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.19, notching a gain of 1.35% for the day. The total traded volume was 868,091 . The stock had closed at $25.84 on the previous day.

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.

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