M.D.C. Holdings Upgraded by Ned Davis Research to Neutral (MDC)
M.D.C. Holdings (NYSE:MDC) was upgraded by equities research analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, AmericanBankingNews.com reports.
A number of other firms have also recently commented on MDC. Analysts at Credit Suisse downgraded shares of M.D.C. Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $30.00 price target on the stock, down previously from $36.00. Separately, analysts at TheStreet upgraded shares of M.D.C. Holdings from a “hold” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at Raymond James downgraded shares of M.D.C. Holdings from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.23.
Shares of M.D.C. Holdings (NYSE:MDC) traded down 2.15% on Monday, hitting $28.28. The stock had a trading volume of 1,436,583 shares. M.D.C. Holdings has a one year low of $27.00 and a one year high of $41.14. The stock’s 50-day moving average is $30.89 and its 200-day moving average is $29.86. The company has a market cap of $1.380 billion and a P/E ratio of 4.56.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $461.60 million for the quarter, compared to the consensus estimate of $434.20 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts predict that M.D.C. Holdings will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Monday, February 10th.
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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