Analysts Set M/I Homes Inc (MHO) Price Target at $40.00
Shares of M/I Homes Inc (NYSE:MHO) have received an average recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.00.
Several equities analysts recently commented on MHO shares. ValuEngine raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. Wedbush boosted their price objective on shares of M/I Homes from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. TheStreet cut shares of M/I Homes from a “b-” rating to a “c+” rating in a research note on Thursday, December 28th. Finally, Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, January 5th.
A number of institutional investors have recently made changes to their positions in MHO. Northern Trust Corp lifted its position in M/I Homes by 0.8% during the second quarter. Northern Trust Corp now owns 309,693 shares of the construction company’s stock valued at $8,841,000 after purchasing an additional 2,610 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in M/I Homes by 53.1% during the second quarter. Parametric Portfolio Associates LLC now owns 61,187 shares of the construction company’s stock valued at $1,747,000 after purchasing an additional 21,217 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in M/I Homes during the second quarter valued at approximately $214,000. Royal Bank of Canada lifted its position in M/I Homes by 11.8% during the second quarter. Royal Bank of Canada now owns 24,251 shares of the construction company’s stock valued at $692,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in M/I Homes by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 70,829 shares of the construction company’s stock valued at $2,022,000 after purchasing an additional 529 shares during the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Thursday, February 1st. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The firm had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $589.11 million. M/I Homes had a net margin of 3.56% and a return on equity of 12.66%. M/I Homes’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. equities analysts anticipate that M/I Homes will post 4.19 earnings per share for the current year.
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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