M/I Homes, Inc. (NYSE:MHO) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.00.
Several analysts have issued reports on the stock. BidaskClub lowered shares of M/I Homes from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. JMP Securities upgraded shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Saturday, July 29th. ValuEngine lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Wedbush set a $32.00 price objective on shares of M/I Homes and gave the stock a “buy” rating in a report on Thursday, April 27th.
COPYRIGHT VIOLATION NOTICE: “M/I Homes, Inc. (MHO) Receives $31.00 Average PT from Brokerages” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/07/mi-homes-inc-mho-receives-31-00-average-pt-from-brokerages.html.
M/I Homes (NYSE:MHO) traded down 0.54% during trading on Friday, reaching $25.67. The company’s stock had a trading volume of 98,266 shares. The stock’s 50 day moving average is $27.59 and its 200 day moving average is $26.13. The company has a market cap of $644.42 million, a price-to-earnings ratio of 12.14 and a beta of 1.09. 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 quarterly earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $456.87 million for the quarter, compared to analysts’ expectations of $456.56 million. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts expect that M/I Homes will post $3.00 EPS for the current fiscal year.
In related news, VP J Thomas Mason sold 27,594 shares of M/I Homes stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $28.42, for a total transaction of $784,221.48. Following the transaction, the vice president now owns 19,594 shares in the company, valued at approximately $556,861.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in M/I Homes by 6.8% in the second quarter. Victory Capital Management Inc. now owns 61,660 shares of the construction company’s stock worth $1,761,000 after buying an additional 3,925 shares during the period. KBC Group NV increased its position in shares of M/I Homes by 24.0% in the second quarter. KBC Group NV now owns 14,147 shares of the construction company’s stock valued at $404,000 after buying an additional 2,738 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of M/I Homes by 51.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,608 shares of the construction company’s stock valued at $217,000 after buying an additional 2,586 shares during the last quarter. Legal & General Group Plc increased its position in shares of M/I Homes by 8.7% in the second quarter. Legal & General Group Plc now owns 44,903 shares of the construction company’s stock valued at $1,282,000 after buying an additional 3,605 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of M/I Homes by 184.0% in the second quarter. SG Americas Securities LLC now owns 12,040 shares of the construction company’s stock valued at $344,000 after buying an additional 7,800 shares during the last quarter.
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.
Receive News & Ratings for M/I Homes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
