Analysts Set Taylor Morrison Home Corp (NYSE:TMHC) PT at $22.83

Shares of Taylor Morrison Home Corp (NYSE:TMHC) have received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.22.

Several research analysts recently weighed in on TMHC shares. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $24.00 in a report on Monday, May 13th. B. Riley raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and upped their target price for the stock from $22.00 to $26.00 in a report on Thursday. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Saturday. Citigroup boosted their price target on shares of Taylor Morrison Home from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada upgraded shares of Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $25.00 in a research note on Thursday, May 16th.

Taylor Morrison Home stock traded down $0.08 during mid-day trading on Friday, hitting $22.81. The stock had a trading volume of 1,233,780 shares, compared to its average volume of 720,558. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 1.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 7.85 and a quick ratio of 0.63. The company has a 50 day moving average of $21.21. Taylor Morrison Home has a one year low of $14.73 and a one year high of $22.99.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.13. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Taylor Morrison Home had a net margin of 5.03% and a return on equity of 13.68%. Taylor Morrison Home’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, research analysts predict that Taylor Morrison Home will post 2.76 earnings per share for the current year.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total value of $40,674.44. Following the sale, the insider now owns 2,015 shares in the company, valued at approximately $41,730.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. GYL Financial Synergies LLC purchased a new stake in shares of Taylor Morrison Home during the 1st quarter valued at about $1,322,000. California State Teachers Retirement System raised its position in shares of Taylor Morrison Home by 6.7% during the 4th quarter. California State Teachers Retirement System now owns 183,196 shares of the construction company’s stock valued at $2,913,000 after buying an additional 11,545 shares in the last quarter. FMR LLC raised its position in shares of Taylor Morrison Home by 1.6% during the 1st quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock valued at $217,379,000 after buying an additional 187,769 shares in the last quarter. Norges Bank purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $30,993,000. Finally, Amalgamated Bank raised its position in shares of Taylor Morrison Home by 13.5% during the 4th quarter. Amalgamated Bank now owns 15,750 shares of the construction company’s stock valued at $250,000 after buying an additional 1,874 shares in the last quarter.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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