Why Meritage Homes Corp (NYSE:MTH) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.69 on Meritage Homes Corp (NYSE:MTH) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.57 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Meritage Homes Corp (NYSE:MTH) stands at 10.41.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Meritage Homes Corporation Comm, the PEG ratio for coming 3-5 years is 0.94.

Technical Analysis

The technical analysis highlights that Meritage Homes Corporation Comm current is trading $-1.47 points away or -3.95% from its 50-day moving average of $37.28. Further it is trading $-0.00 or -0.00% away its 200-day moving average of $35.81.

The 52-week high of Meritage Homes Corp (NYSE:MTH) was $42.49 while lowest point recorded in 52-week was $25.48. It implies if stock price makes a movement of over $-6.68, it will record a new 52-week high. In the case of +40.54% drop, it will touch a new 52-week low.

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