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.

A number of analysts gave price targets for MTH. The highest price target was 50, which equates to a potential upside of 20.05 percent. The most pessimistic price target was 36, which equates to a potential downside of -13.57 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -16.5 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.41 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of MTH to grow at a rate of 1.58 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. MTH has a PEG ratio of 7.3.

MTH has traded between a high of 43.30 and a low of 29.70 over the past year. The current market price is above the trailing year's low by 40.24 percent, and 3.81 percent below the high. MTH has a P/E 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's next earnings release will be on 0000-00-00, which is days away.