In a report released today, Peter Martin from JMP Securities downgraded Meritage Corp (MTH) to Hold. The company’s shares closed yesterday at $45.08.
According to TipRanks.com, Martin is a 2-star analyst with an average return of -0.4% and a 53.7% success rate. Martin covers the Financial sector, focusing on stocks such as MedEquities Realty Trust, Five Point Holdings Llc, and Medical Properties.
Meritage Corp has an analyst consensus of Hold, with a price target consensus of $47, which is a 4.3% upside from current levels. In a report released yesterday, KBW also reiterated a Hold rating on the stock with a $47 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $50.95 and a one-year low of $32.02. Currently, Meritage Corp has an average volume of 525.9K.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MTH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Meritage Homes Corp. is a holding company, which engages in the development and sale of residential properties. It operates through two segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses.
