Merrill Lynch analyst John Lovallo maintained a Buy rating on Meritage (NYSE:MTH) Corp. on Tuesday, setting a price target of $138, which is approximately 35.65% above the present share price of $101.73.
Lovallo expects Meritage Corp. to post earnings per share (EPS) of $2.41 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Meritage, with an average price target of $115.
The analysts price targets range from a high of $124 to a low of $100.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.04 billion and a net profit of $116.45 million. The company's market cap is $3.8 billion.
According to TipRanks.com, Merrill Lynch analyst John Lovallo is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.9% and a 47.32% success rate.
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. The Financial Services segment includes the operations of the company's subsidiary, Carefree Title. Meritage Homes was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.