Meritage Corp (MTH) Receives a Buy from Merrill Lynch
In a report released today, John Lovallo from Merrill Lynch maintained a Buy rating on Meritage Corp (MTH), with a price target of $82. The company’s shares closed last Monday at $70.48, close to its 52-week high of $70.49.
According to TipRanks.com, Lovallo has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 49.4% success rate. Lovallo covers the Consumer Goods sector, focusing on stocks such as Toll Brothers, MDC Holdings, and Lennar Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meritage Corp with a $69.88 average price target.
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The company has a one-year high of $70.49 and a one-year low of $32.02. Currently, Meritage Corp has an average volume of 517.9K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTH in relation to earlier this year.
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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.