Somewhat Positive News Coverage Somewhat Unlikely to Impact M.D.C. Holdings (MDC) Stock Price
News headlines about M.D.C. Holdings (NYSE:MDC) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. M.D.C. Holdings earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.207372137862 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Contrasting M.D.C. Holdings (MDC) and Lennar Corporation (LEN.B) (americanbankingnews.com)
- M.D.C. Preliminary Q2 Home Sale Revenues Up 2% – Quick Facts (nasdaq.com)
- M.D.C. Holdings Announces Expanded Credit Facility And Selected Preliminary 2017 Third Quarter Results (finance.yahoo.com)
- BRIEF-M.D.C. Holdings announces expanded credit facility and selected preliminary 2017 Q3 results (feeds.reuters.com)
- M.D.C. Holdings, Inc. breached its 50 day moving average in a Bullish Manner : MDC-US : September 29, 2017 (finance.yahoo.com)
Several equities analysts have recently commented on MDC shares. Bank of America Corporation restated an “underperform” rating and set a $27.00 price target (up previously from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. BidaskClub upgraded M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Deutsche Bank AG raised their price target on M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. M.D.C. Holdings has an average rating of “Hold” and a consensus price target of $29.00.
Shares of M.D.C. Holdings (NYSE MDC) traded up 0.93% during trading on Thursday, hitting $34.70. The stock had a trading volume of 165,292 shares. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.70 and a beta of 1.34. M.D.C. Holdings has a 12 month low of $22.31 and a 12 month high of $36.92. The company’s 50 day moving average price is $31.85 and its 200 day moving average price is $32.90.
M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The firm had revenue of $648.97 million for the quarter, compared to analyst estimates of $623.95 million. During the same quarter in the prior year, the company earned $0.55 EPS. M.D.C. Holdings’s revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that M.D.C. Holdings will post $2.43 earnings per share for the current fiscal year.
In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total transaction of $947,887.50. Following the sale, the director now owns 40,928 shares in the company, valued at approximately $1,477,910.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.30% of the stock is owned by corporate insiders.
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M.D.C. Holdings Company Profile
M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.
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