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Meritage Homes Corp (NYSE:MTH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday. The firm currently has a $43.00 price target on the stock. Zacks‘s target price points to a potential upside of 2.45% from the company’s current price.

MTH has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. upgraded shares of Meritage Homes Corp from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, 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. 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.88.

Shares of Meritage Homes Corp (NYSE:MTH) traded up 0.36% during mid-day trading on Monday, hitting $42.12. 415,274 shares of the company’s stock traded hands. Meritage Homes Corp has a 52-week low of $37.19 and a 52-week high of $50.28. The stock has a 50-day moving average of $39.9 and a 200-day moving average of $43.18. The company has a market cap of $1.647 billion and a price-to-earnings ratio of 11.91.

Meritage Homes Corp (NYSE:MTH) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Meritage Homes Corp will post $3.35 EPS 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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