According to Zen Score, the 3 best construction stocks to buy right now are:
1. Meritage Homes (NYSE:MTH)
Meritage Homes (NYSE:MTH) is the top construction stock with a Zen Score of 48, which is 10 points higher than the construction industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Meritage Homes has seen its stock return 18.92% over the past year, underperforming other construction stocks by -13 percentage points.
Meritage Homes has an average 1 year
price target of $161.00, an upside of 5.87% from Meritage Homes's current stock price of $152.07.
Meritage Homes stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Meritage Homes, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 33.33% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Taylor Morrison Home (NYSE:TMHC)
Taylor Morrison Home (NYSE:TMHC) is the second best construction stock with a Zen Score of 47, which is 9 points higher than the construction industry average of 38. It passed 15 out of 33 due diligence checks and has strong fundamentals. Taylor Morrison Home has seen its stock return 37.94% over the past year, overperforming other construction stocks by 6 percentage points.
Taylor Morrison Home has an average 1 year
price target of $56.00, an upside of 1.73% from Taylor Morrison Home's current stock price of $55.05.
Taylor Morrison Home stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Taylor Morrison Home, 20% have issued a Strong Buy rating, 40% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Cavco Industries (NASDAQ:CVCO)
Cavco Industries (NASDAQ:CVCO) is the third best construction stock with a Zen Score of 45, which is 7 points higher than the construction industry average of 38. It passed 14 out of 33 due diligence checks and has strong fundamentals. Cavco Industries has seen its stock return 16.14% over the past year, underperforming other construction stocks by -15 percentage points.
Cavco Industries has an average 1 year
price target of $380.00, an upside of 5.7% from Cavco Industries's current stock price of $359.52.
Cavco Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Cavco Industries, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.