M/I Homes found using ticker (MHO) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 83 and 80 with the average target price sitting at 81.5. Now with the previous closing price of 47.9 this would indicate that there is a potential upside of 70.1%. There is a 50 day moving average of 43.39 while the 200 day moving average is 49.62. The market capitalisation for the company is $1,292m. Company Website: https://www.mihomes.com
The potential market cap would be $2,198m based on the market concensus.
M/I Homes, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes and changed its name to M/I Homes in January 2004. M/I Homes was founded in 1976 and is based in Columbus, Ohio.
