Meritage Homes Rating Increased to Buy at Guggenheim (MTH)

By admin | 6 years ago

Meritage Homes (NYSE: MTH) was upgraded by equities researchers at Guggenheim from a “sell” rating to a “buy” rating in a report issued on Monday.

Shares of Meritage Homes traded up 2.43% during mid-day trading on Monday, hitting $28.69. Meritage Homes has a one year low of $13.68 and a one year high of $29.54. The company’s market cap is $939.5 million.

Meritage Homes last posted its quarterly earnings results on Thursday, April 26th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) 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 $0.21 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Meritage Homes from $27.00 to $29.00 in a research note to investors on Tuesday, May 1st. They now have a “market perform” rating on the stock. Separately, 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, April 30th. They now have a “neutral” rating on the stock. Finally, 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.

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.

About the author