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Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Recommendation of "Moderate Buy" by Analysts

Taylor Morrison Home logo with Construction background

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $76.88.

TMHC has been the subject of several recent analyst reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th.

Check Out Our Latest Stock Analysis on Taylor Morrison Home

Taylor Morrison Home Stock Performance

NYSE:TMHC traded up $0.51 during midday trading on Friday, reaching $64.72. The stock had a trading volume of 560,956 shares, compared to its average volume of 933,000. The stock has a market capitalization of $6.50 billion, a P/E ratio of 7.55 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. Taylor Morrison Home has a 1-year low of $51.90 and a 1-year high of $75.49. The firm's fifty day simple moving average is $58.50 and its 200-day simple moving average is $60.21.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. On average, equities research analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Institutional Trading of Taylor Morrison Home

A number of institutional investors and hedge funds have recently modified their holdings of TMHC. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter worth $93,810,000. Nuveen LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at $51,329,000. Long Pond Capital LP bought a new stake in shares of Taylor Morrison Home in the 1st quarter valued at $40,345,000. Junto Capital Management LP acquired a new stake in Taylor Morrison Home during the 1st quarter worth $34,007,000. Finally, Victory Capital Management Inc. raised its stake in Taylor Morrison Home by 197.2% during the 1st quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after buying an additional 526,819 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Company Profile

(Get Free Report

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.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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