M/I Homes found using ticker (MHO) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 100 and 80 with a mean TP of 90. Now with the previous closing price of 49.61 this would imply there is a potential upside of 81.4%. The 50 day MA is 56.5 and the 200 day MA is 60.55. The company has a market capitalisation of $1,428m. Company Website: https://www.mihomes.com
The potential market cap would be $2,590m based on the market concensus.
M/I Homes, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, Texas, 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.
