Meritage Homes Corp [MTH] stock prices are up 5.08% to $75.94 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTH shares have gain 2.62% over the last week, with a monthly amount drifted -6.22%, 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.
The stock price of Meritage Homes Corp [MTH] has been fluctuating between $71.05 and $106.99 over the past year. Currently, Wall Street analysts expect the stock to reach $110.25 within the next 12 months. Meritage Homes Corp [NYSE: MTH] shares were valued at $75.94 at the most recent close of the market. An investor can expect a potential return of 45.18% based on the average MTH price forecast.
Analyzing the MTH fundamentals
The Meritage Homes Corp [NYSE:MTH] reported sales of 6.40B for trailing twelve months, representing a drop of -2.33%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.16 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 73.73 points at the first support level, and at 71.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.26, and for the 2nd resistance point, it is at 78.58.
Ratios To Look Out For
It’s worth pointing out that Meritage Homes Corp [NYSE:MTH]’s Current Ratio is 9.97. As well, the Quick Ratio is 1.32, while the Cash Ratio is 3.07. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 7.09.
Transactions by insiders
Recent insider trading involved Sasser Alison, SVP – Chief Accounting Officer, that happened on Feb 24 ’25 when 152.0 shares were sold. Officer, Sasser Alison completed a deal on Feb 24 ’25 to buy 152.0 shares. Meanwhile, Officer Sasser Alison bought 152.0 shares on Feb 24 ’25.
