Analyst Ratings for Meritage Homes Corp. (MTH)

Updated: 2017-07-27

Analysts covering Meritage Homes Corp. (NYSE:MTH) have given it a consensus rating of Hold. A consensus rating of Hold was previously issued for MTH last month.

1 analysts declared MTH a buy, 0 gave an overweight rating, 9 issued a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

MTH was given price targets by several analysts. The most optimistic price target was 50, which equates to a potential upside of 20.05 percent. The lowest price target was 36, implying a possible loss of -13.57 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -16.5 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.41 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

MTH has an estimated earnings growth rate of 1.58 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of MTH is 7.3.

In the last 52-weeks, MTH has achieved a high of 43.30 and a low of 29.70. Today's price is 40.24 percent above the 52-week low, and below the high by 3.81 percent. MTH has a price/earnings ratio of 11.54. Investors typically compare the P/E ratio to a company's peers in the industry. The MTH value stock report compares MTH to some of its peers using value stock charts. The stock has a market capitalization of $1.69 billion. MTH is estimated to release their earnings results for the quarter on 0000-00-00, days from today.