Meritage Corp (MTH) Gets a Hold Rating from Wedbush

Meritage Corp (MTH) Gets a Hold Rating from Wedbush

Wedbush analyst Jay McCanless maintained a Hold rating on Meritage Corp (MTH) today and set a price target of $39. The company’s shares closed yesterday at $44.70, close to its 52-week high of $44.83.

According to TipRanks.com, McCanless is a 3-star analyst with an average return of 2.4% and a 47.8% success rate. McCanless covers the Consumer Goods sector, focusing on stocks such as Century Communities, Toll Brothers, and MDC Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Meritage Corp with a $41.50 average price target.

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The company has a one-year high of $44.83 and a one-year low of $8.01. Currently, Meritage Corp has an average volume of 464.5K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Meritage Homes Corp. is a holding company, which engages in the development and sale of residential properties. It operates through two segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses.

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