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 most optimistic analyst gave a price target of 50, implying a possible profit of 20.05 percent. The minimum price target given was 36, implying potential capital losses of -13.57 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -16.5 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -0.41 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. 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. MTH has a PEG ratio of 7.3.

MTH has a 52-week high of 43.30 and a 52-week low of 29.70. The current market price is above the trailing year's low by 40.24 percent, and 3.81 percent lower than its 52-week 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 will post this quarters earnings in days, on 0000-00-00.