The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "hold."
Wall Street's median 12-month price target for M/I Homes Inc is $165.00, about 8.5% above its July 28 closing price of $152.14
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago
Result Drivers and Key Details
Record new contracts - Co reported a 15% increase in new contracts to a Q2 record, despite market challenges
Fewer homes delivered - Homes delivered fell 6% yr/yr, contributing to lower revenue
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