M.D.C. Holdings (NYSE:MDC):
M.D.C. Holdings’ Presentation At The Citi 2017 Basic Materials Conference To Be Webcast Live.
The company is now up by 0.39% since yesterday’s close of 33.17.
M.D.C. Holdings, Inc., launched on May 17, 1985, is involved in two primary operations, including homebuilding and financial services. The Business’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation (HomeAmerican), and Other, which includes Allegiant Insurance Company, Inc. (Allegiant), StarAmerican Insurance Ltd. (StarAmerican), American Home Insurance Agency, Inc. (American Home Insurance) and American Home Title and Escrow Company (American Home Title)..
The most current P/E ratio is 11.11 and market capitalization is 1.73B. In the latest earnings report the EPS was $3.00 with 51.94M shares outstanding.
Traders are more bearish on shares of the company lately if you consider the rise in short interest. The firm realized a rise in short interest from September 29, 2017 to October 13, 2017 of 1.72%. Short interest grew from 1,516,671 to 1,542,704 over that timeframe. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares is 0.03% as of October 13.
Several Wall Street investment firms have issued ratings on MDC of late. Citigroup lowered the price target on November 3 cutting the projection from $37.00 to $34.00 with a “Neutral” recommendation. September 26 investment analysts at KeyCorp maintained a “Hold” rating on the company.
On August 25, 2017 KeyCorp reiterated a “Hold” rating on the stock.
Equity analyst Deutsche Bank AG raised the price target of the stock on August 3 changing the price objective from $27.00 to $33.00 and issued a “Hold” recommendation.