Meritage Corporation (MTH) : Average target price received by Meritage Corporation (MTH) is $37.5 with an expected standard deviation of $3.87. The most aggressive target on the stock is $41, whereas the most downbeat target is $32. 4 financial analysts are currently covering the stock.
Meritage Corporation (MTH) has an average broker rating of 3.6, which is interpreted as a Sell, as rated by 5 equity analysts. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Also, In a research note released to the investors, JP Morgan downgrades its rating on Meritage Corporation (NYSE:MTH).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on August 2, 2016.
Meritage Corporation (NYSE:MTH): The stock opened at $35.87 on Thursday but the bulls could not build on the opening and the stock topped out at $36.26 for the day. The stock traded down to $35.35 during the day, due to lack of any buying support eventually closed down at $35.65 with a loss of -0.70% for the day. The stock had closed at $35.90 on the previous day. The total traded volume was 195,584 shares.
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 has homebuilding operations in three regions. The West region comprises Arizona, California and Colorado; Central region include Texas, and the East region comprises Florida, Georgia, North Carolina, South Carolina and Tennessee. It has nine homebuilding operating segments. The homebuilding segments are 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. It also operates as Monterey Homes in some markets.