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Meritage Homes Corp (NYSE:MTH) was upgraded by equities research analysts at Citigroup Inc. to a “buy” rating in a research note issued to investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Meritage Homes Corp from $49.00 to $52.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Meritage Homes Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $37.80 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Meritage Homes Corp from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $49.23.

Meritage Homes Corp (NYSE:MTH) traded down 0.07% during mid-day trading on Monday, hitting $41.94. 75,059 shares of the company’s stock traded hands. Meritage Homes Corp has a one year low of $37.19 and a one year high of $50.28. The stock’s 50-day moving average is $39.9 and its 200-day moving average is $43.18. The company has a market cap of $1.640 billion and a price-to-earnings ratio of 11.91.

Meritage Homes Corp (NYSE:MTH) last announced its earnings results on Wednesday, April 23rd. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.02. The company had revenue of $408.35 million for the quarter, compared to the consensus estimate of $441.40 million. During the same quarter last year, the company posted $0.32 earnings per share. Meritage Homes Corp’s revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that Meritage Homes Corp will post $3.35 earnings per share for the current fiscal year.

Meritage Homes Corporation operates as holding company. The Company through its subsidiaries is a designer and builder of single-family detached homes based on the number of home closings.

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