Research Analysts’ Weekly Ratings Changes for Meritage Homes (MTH)

A number of firms have modified their ratings and price targets on shares of Meritage Homes (NYSE: MTH) recently:

  • 10/31/2018 – Meritage Homes was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/26/2018 – Meritage Homes had its price target raised by analysts at Wedbush from $41.00 to $54.00. They now have an “outperform” rating on the stock.
  • 10/26/2018 – Meritage Homes was given a new $47.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/25/2018 – Meritage Homes was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $43.00 price target on the stock, down previously from $47.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/22/2018 – Meritage Homes was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating.
  • 10/17/2018 – Meritage Homes had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $36.00 price target on the stock, down previously from $50.00.
  • 10/11/2018 – Meritage Homes had its “buy” rating reaffirmed by analysts at JMP Securities. They now have a $48.00 price target on the stock, down previously from $58.00.
  • 10/11/2018 – Meritage Homes was given a new $51.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 10/10/2018 – Meritage Homes was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Meritage Homes have lost 22.6% in the past year, comparing unfavorably with its industry’s decline of 20%. Also, earnings estimates have remained unchanged over the past 60 days, limiting the stock’s upside potential. The downtrend is mainly due to apprehensions stemming from rising mortgage rates and higher home prices that are impacting affordability of home buyers. Again, higher land and labor costs, along with increased raw material prices are threatening margins of homebuilders. However, the company’s riveting growth potential lies in strong order growth, driven by strength in LiVE.NOW. homes, EPS improvement and improving gross margin.”
  • 10/3/2018 – Meritage Homes was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/24/2018 – Meritage Homes was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/21/2018 – Meritage Homes was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $46.00 price target on the stock, down previously from $55.00.
  • 9/12/2018 – Meritage Homes was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of NYSE MTH traded up $0.10 during trading on Wednesday, reaching $37.24. 60,623 shares of the stock were exchanged, compared to its average volume of 702,640. Meritage Homes Corp has a twelve month low of $32.02 and a twelve month high of $55.50. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.49 billion, a P/E ratio of 9.60, a PEG ratio of 0.43 and a beta of 1.05.

Meritage Homes (NYSE:MTH) last posted its earnings results on Wednesday, October 24th. The construction company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.03). The firm had revenue of $884.58 million for the quarter, compared to analyst estimates of $899.55 million. Meritage Homes had a return on equity of 12.56% and a net margin of 5.43%. On average, research analysts expect that Meritage Homes Corp will post 5.57 EPS for the current fiscal year.



A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new stake in Meritage Homes during the second quarter valued at $232,000. UBS Group AG increased its stake in Meritage Homes by 45.8% during the first quarter. UBS Group AG now owns 29,728 shares of the construction company’s stock valued at $1,346,000 after purchasing an additional 9,345 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Meritage Homes by 129.8% during the second quarter. Canada Pension Plan Investment Board now owns 313,212 shares of the construction company’s stock valued at $13,766,000 after purchasing an additional 176,900 shares during the last quarter. Principal Financial Group Inc. increased its stake in Meritage Homes by 3.5% during the first quarter. Principal Financial Group Inc. now owns 297,794 shares of the construction company’s stock valued at $13,475,000 after purchasing an additional 10,025 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Meritage Homes during the second quarter valued at $355,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Homes Corporation designs and builds single-family 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 various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name.

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