At the time of writing, Meritage Homes Corp [MTH] stock is trading at $78.52, up 3.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTH shares have gain 4.48% over the last week, with a monthly amount drifted -12.76%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Meritage Homes Corp [NYSE: MTH] stock has seen the most recent analyst activity on December 13, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $197 from $220. Previously, Raymond James downgraded its rating to Mkt Perform on November 07, 2024. On October 31, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $235 on the stock. Wedbush upgraded its rating to a Neutral and increased its price target to $195 on October 15, 2024. Wolfe Research upgraded its rating to a Outperform but $230 remained the price target by the analyst firm on August 14, 2024. Seaport Research Partners downgraded its rating to Sell for this stock on August 05, 2024, but kept the price target unchanged to $153. In a note dated July 24, 2024, Raymond James initiated an Outperform rating and provided a target price of $220 on this stock.
For the past year, the stock price of Meritage Homes Corp fluctuated between $73.05 and $106.99. Currently, Wall Street analysts expect the stock to reach $104.5 within the next 12 months. Meritage Homes Corp [NYSE: MTH] shares were valued at $78.52 at the most recent close of the market. An investor can expect a potential return of 33.09% based on the average MTH price forecast.
Analyzing the MTH fundamentals
According to Meritage Homes Corp [NYSE:MTH], the company’s sales were 6.43B for trailing twelve months, which represents an -1.40% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.17 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 77.00 points at the first support level, and at 75.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.43, and for the 2nd resistance point, it is at 80.34.
Ratios To Look Out For
It is important to note that Meritage Homes Corp [NYSE:MTH] has a current ratio of 8.93. On the other hand, the Quick Ratio is 1.47, and the Cash Ratio is 1.25. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 7.11.
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.
