Taylor Morrison Home Corporation (NYSE:TMHC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $76.88.

A number of brokerages have recently commented on TMHC. Bank of America started coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 price objective on the stock. Wall Street Zen cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, Barclays set a $69.00 price target on Taylor Morrison Home and gave the stock an “overweight” rating in a report on Thursday, April 24th.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in shares of Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock worth $78,000 after buying an additional 168 shares in the last quarter. Cornerstone Select Advisors LLC lifted its stake in Taylor Morrison Home by 0.7% in the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock worth $1,452,000 after acquiring an additional 175 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company’s stock worth $207,000 after acquiring an additional 197 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Taylor Morrison Home by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company’s stock valued at $354,000 after purchasing an additional 201 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Taylor Morrison Home by 1.4% in the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company’s stock valued at $938,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $63.45 on Friday. The business’s 50-day moving average is $58.76 and its two-hundred day moving average is $60.23. The company has a market capitalization of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. Research analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current year.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.