Taylor Morrison Home (NYSE:TMHC) Price Target Cut to $68.00 by Analysts at Barclays

Taylor Morrison Home (NYSE:TMHC) had its price target trimmed by Barclays from $70.00 to $68.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Truist Financial assumed coverage on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price objective on the stock. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $59.08 on Wednesday. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $72.50. The firm’s 50 day moving average is $62.22 and its 200-day moving average is $61.88. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 7.97 and a beta of 1.58. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently bought and sold shares of the company. ORG Partners LLC bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $27,000. Miller Capital Partners Inc. bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $27,000. Pinnacle Holdings LLC bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $32,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $33,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.