Meritage Homes Corporation which can be found using ticker (MTH) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 174 and 121 calculating the average target price we see $137.83. Given that the stocks previous close was at $121.85 this would imply there is now a potential upside of 13.1%. It’s also worth noting that there is a 50 day moving average of $114.14 while the 200 day moving average is $92.84. The company has a market capitalization of $4,494m. You can visit the company’s website by visiting: https://www.meritagehomes.com
The potential market cap would be $5,083m based on the market consensus.
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
The company has a dividend yield of 0.89% with the ex dividend date set at 14-3-2023 (DMY).
