M/I Homes Stock Rating Upgraded by Zacks (MHO)
M/I Homes (NYSE:MHO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday. The firm currently has a $23.30 price objective on the stock. Zacks‘s target price would indicate a potential upside of 2.37% from the stock’s previous close.
In other M/I Homes news, VP J Thomas Mason sold 10,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of M/I Homes in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock, down previously from $27.50. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.77.
M/I Homes (NYSE:MHO) traded up 0.09% during mid-day trading on Monday, hitting $22.76. The stock had a trading volume of 107,335 shares. M/I Homes has a 52 week low of $17.82 and a 52 week high of $26.30. The stock’s 50-day moving average is $21.85 and its 200-day moving average is $22.68. The company has a market cap of $557.0 million and a price-to-earnings ratio of 4.32.
M/I Homes (NYSE:MHO) last released its earnings data on Thursday, July 24th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.03. The company had revenue of $275.14 million for the quarter, compared to the consensus estimate of $264.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts expect that M/I Homes will post $1.60 EPS for the current fiscal year.
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations and reporting segments: homebuilding and financial services.
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