5 Undervalued Cyclical Stocks To Buy Now

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In this piece, we will take a look at five undervalued cyclical stocks to buy now. If you want to take a deeper look at cyclical stocks then check out 15 Undervalued Cyclical Stocks To Buy Now.

5. Meritage Homes Corporation (NYSE:MTH)

Latest Share Price Upside: 30%

Analyst Average Share Price Target: $173

Meritage Homes Corporation (NYSE:MTH) is a home building company that operates in several American states. A strong home building and residential real estate market has helped the firm financially as it has beaten analyst EPS estimates for all four of its latest quarters.

As of Q2 2023, 31 out of the 910 hedge funds part of Insider Monkey’s database had bought Meritage Homes Corporation (NYSE:MTH)’s shares. Out of these, the firm’s biggest investor is Ken Fisher’s Fisher Asset Management courtesy of its $154 million stake.

Follow Meritage Homes Corp (NYSE:MTH)

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