M.D.C. Holdings with ticker code (MDC) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 77 and 40 calculating the mean target price we have 60.75. With the stocks previous close at 34.75 this is indicating there is a potential upside of 74.8%. There is a 50 day moving average of 37.88 and the 200 moving average now moves to 46.62. The company has a market capitalisation of $2,581m. Visit the company website at: https://www.mdcholdings.com
The potential market cap would be $4,512m 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, Maryland, Pennsylvania, Virginia, Tennessee, and Florida. 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, and Virginia. M.D.C. Holdings was founded in 1972 and is headquartered in Denver, Colorado.
