Shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.50.
Several analysts have commented on TMHC shares. B. Riley lowered their price target on Taylor Morrison Home from $45.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 6th. Barclays lowered Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Thursday, March 31st. Credit Suisse Group started coverage on Taylor Morrison Home in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $32.00 price objective on the stock. Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th.
In related news, Director Denise Warren sold 3,671 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $29.50, for a total transaction of $108,294.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 5,149 shares of company stock worth $152,974 over the last three months. 5.80% of the stock is currently owned by corporate insiders.
TMHC opened at $27.73 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.38 and a quick ratio of 1.03. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 5.30 and a beta of 1.78. The business has a 50-day moving average of $29.07 and a two-hundred day moving average of $30.52. Taylor Morrison Home has a 12 month low of $22.64 and a 12 month high of $35.51.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The construction company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.09 by $0.10. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Taylor Morrison Home had a return on equity of 17.63% and a net margin of 8.84%. The firm’s revenue was up 60.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Equities research analysts anticipate that Taylor Morrison Home will post 8.32 earnings per share for the current year.
Taylor Morrison Home Company Profile (Get Rating)
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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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