FBR Capital Boosts Price Target on Meritage Homes (MTH)
FBR Capital (NASDAQ: FBCM) raised their price target on shares of Meritage Homes (NYSE: MTH) from $27.00 to $29.00 in a research note issued on Tuesday. The firm currently has a “market perform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Meritage Homes from $24.00 to $28.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Meritage Homes from $36.00 to $33.00 in a research note to investors on Friday, April 27th. They now have an “equal weight” rating on the stock. Finally, analysts at Credit Suisse (NYSE: CS) upgraded shares of Meritage Homes from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, March 9th.
Meritage Homes opened at 27.86 on Tuesday. Meritage Homes has a 52-week low of $13.68 and a 52-week high of $29.54. The company’s market cap is $909.2 million.
The company last announced its quarterly results on Thursday, April 26th. It reported ($0.15) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.06) EPS by $0.09. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts expect that Meritage Homes will post $0.18 EPS next quarter.
Meritage Homes Corporation (Meritage Homes) is engaged in homebuilding and related activities. Meritage Homes is a designer and builder of single-family attached and detached homes.