Meritage Homes Corp. [MTH] stock is trading at $213.69, up 5.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTH shares have gain 9.27% over the last week, with a monthly amount glided 15.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Meritage Homes Corp. [NYSE: MTH] stock has seen the most recent analyst activity on August 14, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $230 for it. Previously, Seaport Research Partners downgraded its rating to Sell on August 05, 2024, and kept the price target unchanged to $153. On July 24, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $220 on the stock. Wedbush downgraded its rating to a Underperform and decreased its price target to $148 on April 02, 2024. Seaport Research Partners downgraded its rating to a Neutral. Wedbush downgraded its rating to Neutral for this stock on December 18, 2023, but kept the price target unchanged to $170. In a note dated November 02, 2023, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $153.
Meritage Homes Corp. [MTH] stock has fluctuated between $109.23 and $211.01 over the past year. Currently, Wall Street analysts expect the stock to reach $162.6 within the next 12 months. Meritage Homes Corp. [NYSE: MTH] shares were valued at $213.69 at the most recent close of the market. An investor can expect a potential drop of -23.91% based on the average MTH price forecast.
Analyzing the MTH fundamentals
Meritage Homes Corp. [NYSE:MTH] reported sales of 6.46B for the trailing twelve months, which represents a growth of 8.16%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.18 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 207.43 points at the first support level, and at 201.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.96, and for the 2nd resistance point, it is at 220.24.
Ratios To Look Out For
For context, Meritage Homes Corp.’s Current Ratio is 9.04. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 1.36. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 9.40.
Transactions by insiders
Recent insider trading involved Michael R. Odell, Director, that happened on Aug 23 ’24 when 5000.0 shares were sold. Officer, Michael R. Odell completed a deal on Aug 23 ’24 to buy 5000.0 shares. Meanwhile, Chief Financial Officer Sferruzza Hilla sold 2500.0 shares on Jul 31 ’24.
