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.
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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.