JMP Securities Maintains a Hold Rating on Meritage Corp (MTH)


In a report released today, Peter Martin from JMP Securities maintained a Hold rating on Meritage Corp (MTH). The company’s shares opened today at $43.04.

According to TipRanks.com, Martin is a 1-star analyst with an average return of -1.0% and a 52.5% success rate. Martin covers the Financial sector, focusing on stocks such as MedEquities Realty Trust, Five Point Holdings Llc, and Forestar Group Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Meritage Corp with a $40.67 average price target, a -5.5% downside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $39 price target.

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Meritage Corp’s market cap is currently $1.64B and has a P/E ratio of 7.67. The company has a Price to Book ratio of 0.95.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.

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.

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