MDC Holdings with ticker code (MDC) now has 2 market analysts covering the stock. The analyst consensus now points to a “Hold” rating. The High/Low price target ranges between 43 and 28, calculating the average price target we see at $35.50. Given that the stock’s previous close was $36.41, this would indicate a potential downside of -2.5%. It has a 50-day moving average of $36.80 and the 200-day MA is $33.41. The company’s market capitalization is $2.641 million. Find more information at: https://www.mdholdings.com
The potential market cap would be $2.575 million based on market consensus.
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MDC Holdings, through its subsidiaries, is engaged in the business of housing development and financial services. Its home construction operations include the purchase of ready lots or the development of lots for construction and the sale of primarily single-family detached homes to first-time and first-time home buyers under the Richmond American Homes name. The company conducts its residential construction activities in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Alabama, Florida, Maryland, Pennsylvania, Tennessee and Virginia. Its financial services operations include mortgage lending primarily to home buyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries and for work performed on completed subdivisions; acts as a claims reinsurer; selling third party personal property and casualty insurance products to homebuyers; and offering title agency services to subsidiaries and residential clients in Colorado, Florida, Maryland, Nevada, Pennsylvania and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.
The company has a dividend yield of 5.63% with an ex-dividend date set at 7-2-2023 (DMY).
Other figures to note are a P/E ratio of 4.6, earnings per share of 80.5 and a 10.94% return on assets.