In a report issued on October 25, Jade Rahmani from KBW reiterated a Hold rating on Meritage Corp (NYSE: MTH), with a price target of $40. The company’s shares closed on Friday at $36.60.
According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 8.7% and a 62.9% success rate. Rahmani covers the Financial sector, focusing on stocks such as Jones Lang Lasalle Inc, Arbor Realty Trust, and Newmark Group Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meritage Corp with a $44.29 average price target, representing a 21.0% upside. In a report issued on October 17, Credit Suisse also downgraded the stock to Hold with a $36 price target.
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The company has a one-year high of $55.50 and a one-year low of $32.02. Currently, Meritage Corp has an average volume of 462.5K.
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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.
