Stock To Watch: Meritage Homes Corp (NYSE:MTH)


The leading market experts have placed a mean price target of $35.69 on Meritage Homes Corp (NYSE:MTH) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.25 a share for the upcoming quarter and $3.57 for the current fiscal.

Technical View

The technical analysis of Meritage Homes Corporation Comm plainly substantiates that the 50-day moving average of Meritage Homes Corporation Comm is $37.99, and stock is trading $-2.92 points away or -7.69% from its 50-day moving average of $37.99. Further it is trading $-0.35 or -0.99% away its 200-day moving average of $35.42. Meritage Homes Corp (NYSE:MTH) 52-week high is $46.25 and the 52-week low is $25.48.

This explains if the stock moves $-11.18, it will post a 52-week high. In event of +37.64% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Meritage Homes Corporation Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Meritage Homes Corp (NYSE:MTH) ratio came in at 10.20.

The stock last ended the trading session at $35.07 and registered a market cap of $1.40B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Meritage Homes Corp (NYSE:MTH) PEG ratio is at 0.94.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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