M.D.C. Holdings found using ticker (MDC) now have 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 43 and 28 calculating the average target price we see 35.5. Given that the stocks previous close was at 37 this would imply there is a potential downside of -4.1%. There is a 50 day moving average of 35.8 and the 200 day moving average is 33.43. The market capitalisation for the company is $2,664m. You can visit the company’s website by visiting: https://www.mdcholdings.com
The potential market cap would be $2,556m based on the market concensus.
M.D.C. Holdings, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Alabama, Florida, Maryland, Pennsylvania, Tennessee, and Virginia. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, Pennsylvania, and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.
