M.D.C. Holdings Downgraded by Zacks to “Underperform” (MDC)
M.D.C. Holdings (NYSE:MDC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $27.50 target price on the stock. Zacks‘ price target indicates a potential downside of 10.57% from the company’s current price.
M.D.C. Holdings (NYSE:MDC) traded down 0.10% during mid-day trading on Tuesday, hitting $30.75. The stock had a trading volume of 569,907 shares. M.D.C. Holdings has a 52-week low of $27.87 and a 52-week high of $42.41. The stock’s 50-day moving average is $29.58 and its 200-day moving average is $34.39. The company has a market cap of $1.503 billion and a P/E ratio of 5.10.
M.D.C. Holdings (NYSE:MDC) last announced its earnings results on Tuesday, July 30th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.22. The company had revenue of $402.13 million for the quarter, compared to the consensus estimate of $393.95 million. During the same quarter last year, the company posted $0.22 earnings per share. M.D.C. Holdings’s revenue was up 55.0% compared to the same quarter last year. Analysts expect that M.D.C. Holdings will post $6.02 EPS for the current fiscal year.
MDC has been the subject of a number of other recent research reports. Analysts at Credit Suisse upgraded shares of M.D.C. Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, September 10th. They now have a $36.00 price target on the stock, down previously from $39.00. Separately, analysts at Citigroup Inc. upgraded shares of M.D.C. Holdings from a “sell” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $29.00 price target on the stock, up previously from $23.00. Finally, analysts at TheStreet downgraded shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.56.
M.D.C. Holdings, Inc (NYSE:MDC), incorporated on May 17, 1985, operates in the two business segments: homebuilding and financial services.
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