Goldman Sachs Resumes Meritage Homes (MTH) at Buy

Goldman Sachs resumes coverage on Meritage Homes (NYSE: MTH) with a Buy. PT $53.00.

"We believe the company's markets are witnessing the best sales/pricing dynamics while the company has an attractive land portfolio," the analyst said. "As a result, we expect Meritage to grow at a higher rate than peers and expect it to trade at a 15.7X on 2014E earnings vs. the peer group average of 14.9X. In addition, the company caters to a relatively higher buyer which we favor."

For an analyst ratings summary and ratings history on Meritage Homes click here. For more ratings news on Meritage Homes click here. Shares of Meritage Homes closed at $43.06 yesterday, with a 52 week range of $28.58-$52.67.

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