Meritage Homes Corp. Coverage Initiated by Analysts at Bank of America Corp. (MTH)
Equities research analysts at Bank of America Corp. initiated coverage on shares of Meritage Homes Corp. (NYSE:MTH) in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm set a “neutral” rating on the stock.
Meritage Homes Corp. (NYSE:MTH) opened at 45.15 on Wednesday. Meritage Homes Corp. has a 52-week low of $38.42 and a 52-week high of $52.95. The stock’s 50-day moving average is $44.88 and its 200-day moving average is $43.40. The company has a market cap of $1.636 billion and a price-to-earnings ratio of 10.01.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Meritage Homes Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of Meritage Homes Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $49.30 price target on the stock. Finally, analysts at ISI Group downgraded shares of Meritage Homes Corp. from a “strong-buy” rating to a “buy” rating in a research note to investors on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $48.07.
Meritage Homes Corporation is a designer and builder of single-family attached and detached homes based on the number of home closings.
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