Williams Capital Raises Meritage Homes to Buy (MTH)

By admin | 6 years ago

Meritage Homes (NYSE: MTH) was upgraded by investment analysts at Williams Capital from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Meritage Homes traded down 0.25% on Thursday, hitting $27.85. Meritage Homes has a 52-week low of $13.68 and a 52-week high of $29.73. The company’s market cap is $912.0 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim upgraded shares of Meritage Homes from a “sell” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, 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.

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.

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