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Investment analysts at Keefe, Bruyette & Woods raised their target price on shares of Meritage Homes Corp. (NYSE:MTH) from $46.00 to $48.00 in a note issued to investors on Friday, Stock Ratings Network reports. Keefe, Bruyette & Woods’ price target indicates a potential upside of 3.49% from the company’s current price.

A number of other firms have also recently commented on MTH. Analysts at Goldman Sachs Group Inc. downgraded shares of Meritage Homes Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $54.00 price target on the stock, up previously from $51.00. Separately, analysts at Barclays upgraded shares of Meritage Homes Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 27th. They now have a $58.00 price target on the stock, up previously from $49.00. Finally, analysts at Zacks downgraded shares of Meritage Homes Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $51.30 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.92.

Shares of Meritage Homes Corp. (NYSE:MTH) traded up 0.06% during mid-day trading on Friday, hitting $46.38. The stock had a trading volume of 635,919 shares. 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 $46.40 and its 200-day moving average is $43.58. The company has a market cap of $1.681 billion and a price-to-earnings ratio of 10.27.

Meritage Homes Corp. (NYSE:MTH) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.16. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $537.80 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company’s quarterly revenue was up 47.1% on a year-over-year basis. Analysts expect that Meritage Homes Corp. will post $3.87 EPS for the current fiscal year.

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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