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M.D.C. Holdings (MDC) Gets a Buy Rating from Raymond James

Raymond James analyst Buck Horne maintained a Buy rating on M.D.C. Holdings (MDCResearch Report) today and set a price target of $44.00. The company’s shares closed last Friday at $36.25.

According to TipRanks.com, Horne is a 4-star analyst with an average return of 7.0% and a 58.8% success rate. Horne covers the Financial sector, focusing on stocks such as Mid-America Apartment, NexPoint Residential, and CatchMark Timber.

The word on The Street in general, suggests a Hold analyst consensus rating for M.D.C. Holdings with a $38.50 average price target, representing a 6.9% upside. In a report issued on July 29, Evercore ISI also maintained a Buy rating on the stock with a $45.00 price target.

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The company has a one-year high of $56.53 and a one-year low of $27.83. Currently, M.D.C. Holdings has an average volume of 616.2K.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

M.D.C. Holdings, Inc. provides homebuilding and financial services. Its homebuilding operations consist of wholly owned subsidiary companies that generally purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The company’s financial services operations consist of mortgage loans, insurance coverage, re-insures Allegiant claims, third-party insurance products, and title agency services. M.D.C. Holdings was founded by Larry A. Mizel in 1972 and is headquartered in Denver, CO.

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