Meritage Corp Got Some Good News

Merrill Lynch analyst John Lovallo upgraded Meritage Corp (NYSE: MTH) to Buy today. The company’s shares closed on Friday at $44.15.

According to TipRanks.com, Lovallo is ranked #4673 out of 4801 analysts.

Meritage Corp has an analyst consensus of Moderate Buy, with a price target consensus of $54.

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Meritage Corp’s market cap is currently $1.79B and has a P/E ratio of 11.21. The company has a Price to Book ratio of 1.10.

Based on the recent corporate insider activity of 20 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.