A number of other firms have also recently commented on MDC. Analysts at Raymond James (NYSE: RJF) upgraded shares of MDC Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 16th. Separately, analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of MDC Holdings from an “underweight” rating to a “neutral” rating in a research note to investors on Tuesday, April 10th. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of MDC Holdings from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, April 5th. They now have a $20.00 price target on the stock, down previously from $22.00.
MDC Holdings traded up 3.56% on Monday, hitting $28.83. MDC Holdings has a 52-week low of $14.79 and a 52-week high of $30.41. The company’s market cap is $1.383 billion.
MDC Holdings last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.17. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts predict that MDC Holdings will post $0.14 earnings per share next quarter.
M.D.C. Holdings, Inc. (MDC) operates in two business segments: homebuilding and financial services. The homebuilding operations consist of wholly owned subsidiary companies, which purchase finished lots for the construction and sale of single-family detached homes to homebuyers under the name Richmond American Homes.