MERITAGE HOMES CORPO

MTH
Delayed Quote. Delayed  - 10/26 04:10:00 pm
94.52USD -5.73%

Meritage Homes Corporation : The underlying trend is to the upside

Jordan Dufee
Analyst

Strategy published on : 09/23/2020 | 04:15

long trade
Live

Entry price : 107.4$
Target : 140$
Stop-loss : 93$
Potential : 30.35%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the $ 140.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 51% by 2022.

● As regards fundamentals, the enterprise value to sales ratio is at 1.06 for the current period. Therefore, the company is undervalued.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 11.39 for the current year.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 56.86 USD

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