Meritage Homes Corporation Comm (NYSE:MTH).
On July 11 the company was downgraded from “” to “Underperform” with a current price target of $36.00 in a report issued by Zelman. On July 11 the stock rating was downgraded to “Underperform” from “Neutral” and a price target of $36.00 was set in a statement from Credit Suisse.
Equity analyst Credit Suisse both downgraded the stock and raised the price target on July 11 changing the price target from $35.00 to $36.00 and moving the rating from “Neutral” to “Underperform”. On April 18 the company was downgraded to “Sector Perform” from “Outperform” in a report from FBN Securities.
On April 13 the stock rating was downgraded to “Neutral” from “Buy” with a current price target of $40.00 by analysts at Sterne Agee.
In the market the company is trading up by 0.73 percent from yesterday’s close. Company chares are trading at $34.61 which is a tad under $34.86, the 50 day moving average and just a bit lower than the 200 day moving average of $36.22. The 50 day moving average went down by -0.71% whereas the 200 day moving average was down $-1.61 or -4.44%.
The company’s P/E ratio is 10.06 and market capitalization is 1.39B. In the last earnings report the EPS was $3.44 and is estimated to be $3.56 for the current year with 40,018,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.24 with next year’s EPS anticipated to be $4.04.