M/I Homes – Consensus Indicates Potential 37.1% Upside

Broker Ratings

M/I Homes found using ticker (MHO) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 100 and 80 with a mean TP of 90. With the stocks previous close at 65.64 this is indicating there is a potential upside of 37.1%. The 50 day moving average now sits at 63.12 while the 200 day moving average is 61.39. The market capitalisation for the company is $1,851m. Company Website: http://www.mihomes.com

M/I Homes, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, and Texas, the United States. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes and changed its name to M/I Homes in January 2004. M/I Homes was founded in 1976 and is based in Columbus, Ohio.

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