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


The leading market experts have placed a mean price target of $35.060 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 $1.010 a share for the upcoming quarter and $3.590 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 $35.886, and stock is hovering -0.261 or -0.727% distant from $35.886. It is noted that the 200-day MA is $34.054, and Meritage Homes Corporation Comm stock is $1.571 or +4.612% off from this point. Meritage Homes Corp (NYSE:MTH) 52-week high is $49.250 and the 52-week low is $25.480. This explains if the stock moves $-13.625, it will post a 52-week high. In event of $+39.816% points 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 11.161. The stock last ended the trading session at $35.625 and registered a market cap of $1.43B. 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 0.900.

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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