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Meritage Homes Corp (NYSE:MTH) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $49.78.

A number of research firms have recently commented on MTH. Analysts at Zacks upgraded shares of Meritage Homes Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $43.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Meritage Homes Corp from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th. They now have a $49.00 price target on the stock, up previously from $43.00. Finally, 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, June 30th. They now have an “overweight” rating on the stock.

Meritage Homes Corp (NYSE:MTH) traded up 0.46% on Monday, hitting $41.89. The stock had a trading volume of 5,134 shares. Meritage Homes Corp has a 1-year low of $37.19 and a 1-year high of $50.28. The stock’s 50-day moving average is $40.95 and its 200-day moving average is $43.10. The company has a market cap of $1.638 billion and a P/E ratio of 11.83.

Meritage Homes Corp (NYSE:MTH) last announced its earnings results on Wednesday, April 23rd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts expect that Meritage Homes Corp will post $3.33 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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