In a report released today, Jade Rahmani from KBW reiterated a Hold rating on Meritage Corp (MTH), with a price target of $47. The company’s shares opened today at $45.08.
According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 9.0% and a 66.0% success rate. Rahmani covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Kkr Real Estate Finance Trust Inc, and Ready Capital Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Meritage Corp.
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Meritage Corp’s market cap is currently $1.64B and has a P/E ratio of 8.94. The company has a Price to Book ratio of 0.96.
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.
