A share price of Meritage Homes Corp [MTH] is currently trading at $74.71, up 3.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTH shares have lost -0.09% over the last week, with a monthly amount drifted -1.90%, 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.
Meritage Homes Corp experienced fluctuations in its stock price throughout the past year between $69.26 and $106.99. 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 $74.71 at the most recent close of the market. An investor can expect a potential return of 47.57% based on the average MTH price forecast.
Analyzing the MTH fundamentals
Trailing Twelve Months sales for Meritage Homes Corp [NYSE:MTH] were 6.40B which represents -2.33% decline. 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 72.84 points at the first support level, and at 70.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.71, and for the 2nd resistance point, it is at 76.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Meritage Homes Corp [NYSE:MTH] is 9.97. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 3.07. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 6.97.
Transactions by insiders
Recent insider trading involved Feliciano Javier, EVP Chief People Officer, that happened on Mar 03 ’25 when 4862.0 shares were sold. Chief Executive Officer, Lord Phillippe completed a deal on Mar 03 ’25 to sell 36167.0 shares. Meanwhile, EVP- Chief Financial Officer Sferruzza Hilla sold 14567.0 shares on Mar 03 ’25.
