M/I Homes with ticker code (MHO) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 100 and 80 and has a mean target at 90. With the stocks previous close at 47.29 this now indicates there is a potential upside of 90.3%. The day 50 moving average is 49.75 and the 200 day MA is 57.7. The company has a market cap of $1,340m. Company Website: https://www.mihomes.com
The potential market cap would be $2,550m 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.
