Taylor Morrison Home (NYSE:TMHC) Given New $68.00 Price Target at Bank of America

Taylor Morrison Home (NYSE:TMHC) had its target price cut by Bank of America from $72.00 to $68.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

A number of other analysts have also recently commented on TMHC. Truist Financial dropped their target price on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Barclays dropped their target price on shares of Taylor Morrison Home from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $61.82 on Monday. Taylor Morrison Home has a 12 month low of $54.58 and a 12 month high of $72.50. The stock has a market cap of $5.95 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 8.46 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. The company’s fifty day moving average price is $61.60 and its 200-day moving average price is $61.47.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently modified their holdings of TMHC. ORG Partners LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $27,000. Miller Capital Partners Inc. purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth about $27,000. Pinnacle Holdings LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth about $33,000. Hedge funds and other 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.