▲ +2.41% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for M.D.C. in the last 3 months. The average price target is $49.17, with a high forecast of $67.00 and a low forecast of $29.00. The average price target represents a 2.41% upside from the last price of $48.01.
The current consensus among 7 contributing investment analysts is to buy stock in M.D.C.. This Buy consensus rating has held steady for over two years.
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, Washington, Oregon, Colorado, Utah, Virginia, Maryland, and Florida. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.