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Meritage Homes Corp. (NYSE:MTH) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the stock, American Banking reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $48.93.

A number of research firms have recently commented on MTH. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Meritage Homes Corp. in a research note on Thursday, April 17th. They now have a $45.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Meritage Homes Corp. from $58.00 to $51.00 in a research note on Tuesday, March 25th. They now have an “overweight” rating on the stock. Finally, analysts at Bank of America downgraded shares of Meritage Homes Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday, March 10th. They now have a $51.00 price target on the stock.

Shares of Meritage Homes Corp. (NYSE:MTH) traded up 1.37% on Tuesday, hitting $42.90. The stock had a trading volume of 61,900 shares. Meritage Homes Corp. has a one year low of $38.42 and a one year high of $52.95. The stock’s 50-day moving average is $43.33 and its 200-day moving average is $44.27. The company has a market cap of $1.676 billion and a price-to-earnings ratio of 13.04.

Meritage Homes Corp. (NYSE:MTH) last released its 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 $3.80 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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