M/I Homes with ticker code (MHO) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 91 and 80 calculating the mean target price we have 85.5. Given that the stocks previous close was at 43.89 this would imply there is a potential upside of 94.8%. The 50 day moving average now sits at 43.41 while the 200 day moving average is 51.34. The company has a market capitalisation of $1,252m. You can visit the company’s website by visiting: https://www.mihomes.com
The potential market cap would be $2,439m 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.
