M/I Homes, Inc. (NYSE:MHO) Receives $176.50 Consensus Price Target from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have received a consensus rating of “Strong Buy” from the three analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $176.50.

Several research analysts have recently issued reports on MHO shares. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

Institutional Trading of M/I Homes

A number of large investors have recently made changes to their positions in MHO. Principal Securities Inc. acquired a new position in M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd bought a new position in shares of M/I Homes during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the 4th quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in M/I Homes during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in M/I Homes during the 4th quarter worth approximately $80,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $109.03 on Tuesday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes has a 1-year low of $105.00 and a 1-year high of $176.18. The stock has a market capitalization of $2.96 billion, a P/E ratio of 5.53 and a beta of 1.99. The business has a 50-day moving average price of $118.36 and a two-hundred day moving average price of $140.81.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Equities analysts predict that M/I Homes will post 18.44 earnings per share for the current year.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.