NYSE:MTH

Meritage Homes Price Target, Predictions & Analyst Ratings

$105.60
+0.25 (+0.24 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$104.26
$106.16
50-Day Range
$88.30
$115.00
52-Week Range
$78.00
$120.19
Volume845,469 shs
Average Volume420,045 shs
Market Capitalization$3.98 billion
P/E Ratio7.23
Dividend YieldN/A
Beta1.71

Meritage Homes (NYSE:MTH) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Hold
Based on 10 Analyst Ratings

Analyst Price Target Consensus

$116.25

High PT$135.00
Average PT$116.25
Low PT$100.00
TypeCurrent
9/19/20 to 9/19/21
1 Month Ago
8/20/20 to 8/20/21
3 Months Ago
6/21/20 to 6/21/21
1 Year Ago
9/20/19 to 9/19/20
Consensus Rating
Hold
Hold
Hold
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$116.25$116.25$107.14$83.86
Price Target Upside10.09% Upside22.12% Upside20.13% Upside16.32% Upside
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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Meritage Homes (NYSE:MTH) vs. Its Competitors

TypeMeritage HomesConstruction CompaniesS&P 500
Consensus Rating Score
2.30
2.53
2.56
Consensus RatingHoldBuyBuy
Price Target Upside35.23% Upside8.38% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
396
57.39%
Underperform Votes
294
42.61%
Avg. Outperform Votes
238
63.98%
Avg. Underperform Votes
134
36.02%
Avg. Outperform Votes
829
69.55%
Avg. Underperform Votes
363
30.45%

Meritage Homes (NYSE:MTH) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/4/2021Wolfe Research
UpgradePeer Perform ➝ Outperform$130.00+17.03%
7/30/2021KeyCorp
Boost Price TargetOverweight$120.00 ➝ $130.00+21.61%
6/30/2021The Goldman Sachs Group
Lower Price TargetNeutral$117.00 ➝ $110.00+16.29%
4/21/2021Wells Fargo & Company
Initiated CoverageEqual Weight$100.00+6.63%
2/2/2021JPMorgan Chase & Co.
Lower Price TargetNeutral$123.00 ➝ $116.00+40.67%
1/29/2021Credit Suisse Group
Lower Price TargetOutperform$134.00 ➝ $106.00+29.85%
1/29/2021BTIG Research
C. Reichardt
DowngradeBuy ➝ Neutral
1/29/2021Bank of America
DowngradeBuy ➝ Neutral$121.00 ➝ $103.00+19.74%
1/21/2021Janney Montgomery Scott
Initiated CoverageNeutral
10/13/2020Zelman & Associates
DowngradeBuy ➝ Hold
7/23/2020Evercore ISI
Trey Morrish
UpgradeOutperform
4/29/2020Cfra
Lower Price TargetStrong-Buy$87.00 ➝ $65.00+20.01%
7/25/2019Citigroup
UpgradeNeutral ➝ Buy$55.00 ➝ $63.00+15.83%
3/5/2019Wedbush
J. Mccanless
Lower Price TargetNeutral ➝ Neutral$41.00 ➝ $39.00-12.75%
2/1/2019JMP Securities
Peter Martin
DowngradeOutperform ➝ Market Perform$45.08
1/31/2019Keefe, Bruyette & Woods
Reiterated RatingHold$47.00+4.26%
10/22/2018Deutsche Bank Aktiengesellschaft
UpgradeHold ➝ Buy
(Data available from 9/19/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
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Meritage Homes (NYSE:MTH) Analyst Ratings Frequently Asked Questions

What is Meritage Homes's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Meritage Homes stock is Hold based on the current 7 hold ratings and 3 buy ratings for MTH. The average twelve-month price target for Meritage Homes is $116.25 with a high price target of $135.00 and a low price target of $100.00. Learn more on MTH's analyst rating history

Do Wall Street analysts like Meritage Homes more than its competitors?

Analysts like Meritage Homes stock less than the stock of other Construction companies. The consensus rating for Meritage Homes is Hold while the average consensus rating for construction companies is Buy. Learn more on how MTH compares to other companies

Do MarketBeat users like Meritage Homes more than its competitors?

MarketBeat users like Meritage Homes stock less than the stock of other Construction companies. 57.39% of MarketBeat users gave Meritage Homes an outperform vote while construction companies recieve an average of 63.98% outperform votes by MarketBeat users.

Is Meritage Homes being upgraded by Wall Street analysts?

Over the previous 90 days, Meritage Homes's stock had 1 upgrade by analysts.

Does Meritage Homes's stock price have much upside?

According to analysts, Meritage Homes's stock has a predicted upside of 22.12% based on their 12-month price targets.

What analysts cover Meritage Homes?

Meritage Homes has been rated by KeyCorp, The Goldman Sachs Group, and Wolfe Research in the past 90 days.

This page was last updated on 9/19/2021 by MarketBeat.com Staff
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