M/I Homes, Inc. (MHO) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of M/I Homes, Inc. (NYSE:MHO) have received an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.00.
A number of research firms recently commented on MHO. Zacks Investment Research lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub upgraded shares of M/I Homes from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, JMP Securities upgraded shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, July 31st. They noted that the move was a valuation call.
Shares of M/I Homes (NYSE MHO) opened at 25.30 on Friday. The stock’s 50 day moving average price is $25.10 and its 200 day moving average price is $26.31. The stock has a market cap of $635.13 million, a price-to-earnings ratio of 11.97 and a beta of 1.07. M/I Homes has a 52 week low of $20.40 and a 52 week high of $29.42.
M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The business had revenue of $456.87 million for the quarter, compared to analyst estimates of $456.56 million. During the same quarter last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts anticipate that M/I Homes will post $2.97 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in M/I Homes by 20,864.8% in the 1st quarter. BlackRock Inc. now owns 3,583,086 shares of the construction company’s stock worth $87,785,000 after purchasing an additional 3,565,995 shares during the period. AJO LP acquired a new position in M/I Homes in the 2nd quarter worth approximately $9,480,000. Kennedy Capital Management Inc. acquired a new position in M/I Homes in the 1st quarter worth approximately $6,565,000. Vanguard Group Inc. boosted its stake in M/I Homes by 16.9% in the 1st quarter. Vanguard Group Inc. now owns 1,354,514 shares of the construction company’s stock worth $33,185,000 after purchasing an additional 195,533 shares during the period. Finally, Brookfield Asset Management Inc. acquired a new position in M/I Homes in the 1st quarter worth approximately $3,979,000.
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M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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