M.D.C. Holdings with ticker code (MDC) have now 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 77 and 40 with a mean TP of 60.75. Now with the previous closing price of 32.35 this would indicate that there is a potential upside of 87.8%. The 50 day moving average now sits at 36.76 and the 200 moving average now moves to 45.55. The market capitalisation for the company is $2,285m. You can visit the company’s website by visiting: https://www.mdcholdings.com
The potential market cap would be $4,291m 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.
