M/I Homes, Inc. (MHO) Receives $31.00 Consensus Price Target from Analysts
Shares of M/I Homes, Inc. (NYSE:MHO) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.33.
A number of research analysts recently issued reports on the company. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research lowered M/I Homes from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, July 31st. They noted that the move was a valuation call.
Several institutional investors have recently added to or reduced their stakes in the stock. Airain ltd bought a new position in M/I Homes during the first quarter worth $214,000. Brookfield Asset Management Inc. bought a new position in M/I Homes during the first quarter worth $3,979,000. SG Americas Securities LLC bought a new position in M/I Homes during the first quarter worth $104,000. Principal Financial Group Inc. raised its position in M/I Homes by 4.0% in the first quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock worth $4,611,000 after buying an additional 7,299 shares during the period. Finally, Capstone Asset Management Co. raised its position in M/I Homes by 3.2% in the second quarter. Capstone Asset Management Co. now owns 17,213 shares of the construction company’s stock worth $491,000 after buying an additional 530 shares during the period.
Shares of M/I Homes (NYSE MHO) traded up 1.42% during trading on Tuesday, hitting $24.95. 111,425 shares of the stock were exchanged. The company has a market cap of $626.34 million, a price-to-earnings ratio of 11.80 and a beta of 1.09. The firm has a 50 day moving average of $25.92 and a 200-day moving average of $26.18. M/I Homes has a 12-month low of $20.40 and a 12-month high of $29.42.
M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $456.87 million for the quarter, compared to analyst estimates of $456.56 million. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. M/I Homes’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, analysts forecast that M/I Homes will post $3.00 earnings per share for the current year.
About M/I Homes
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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