A number of firms have modified their ratings and price targets on shares of M/I Homes (NYSE: MHO) recently:

  • 10/31/2017 – M/I Homes was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 10/26/2017 – M/I Homes was given a new $38.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/25/2017 – M/I Homes was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
  • 10/24/2017 – M/I Homes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
  • 9/26/2017 – M/I Homes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
  • 9/23/2017 – M/I Homes was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “

M/I Homes, Inc. (MHO) traded up $0.62 during trading hours on Tuesday, reaching $33.99. The company’s stock had a trading volume of 264,200 shares, compared to its average volume of 240,943. M/I Homes, Inc. has a 12-month low of $21.91 and a 12-month high of $34.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 6.46. The firm has a market cap of $918.36, a P/E ratio of 12.55 and a beta of 1.27.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). M/I Homes had a return on equity of 12.31% and a net margin of 4.00%. The firm had revenue of $476.40 million for the quarter, compared to analyst estimates of $475.42 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. analysts forecast that M/I Homes, Inc. will post 2.76 EPS for the current fiscal year.

In other news, CEO Robert H. Schottenstein sold 15,800 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.90, for a total value of $504,020.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip G. Creek sold 25,400 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.08, for a total value of $814,832.00. Following the completion of the transaction, the insider now directly owns 60,971 shares in the company, valued at approximately $1,955,949.68. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

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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