Taylor Morrison Home Corp (NYSE:TMHC) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.64.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Barclays set a $17.00 price target on Taylor Morrison Home and gave the company a “sell” rating in a report on Thursday, March 28th. B. Riley increased their price target on Taylor Morrison Home from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. JPMorgan Chase & Co. upgraded Taylor Morrison Home from a “neutral” rating to an “overweight” rating and increased their price target for the company from $18.50 to $20.00 in a report on Thursday, March 7th. Finally, ValuEngine lowered Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th.

NYSE:TMHC traded up $0.31 during midday trading on Thursday, hitting $19.38. 75,920 shares of the company traded hands, compared to its average volume of 1,316,228. Taylor Morrison Home has a 12-month low of $14.73 and a 12-month high of $24.39. The firm has a market capitalization of $2.15 billion, a PE ratio of 7.34, a PEG ratio of 0.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 7.70.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 13th. The construction company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.40. Taylor Morrison Home had a return on equity of 12.90% and a net margin of 4.88%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. Taylor Morrison Home’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts forecast that Taylor Morrison Home will post 2.43 EPS for the current year.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 2,323 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.84, for a total value of $39,119.32. Following the sale, the insider now owns 2,050 shares in the company, valued at $34,522. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Martingale Asset Management L P increased its stake in shares of Taylor Morrison Home by 226.4% during the third quarter. Martingale Asset Management L P now owns 55,684 shares of the construction company’s stock valued at $1,005,000 after buying an additional 38,623 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Taylor Morrison Home by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 3,253,718 shares of the construction company’s stock valued at $58,697,000 after buying an additional 108,074 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Taylor Morrison Home by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 78,423 shares of the construction company’s stock valued at $1,415,000 after buying an additional 27,847 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Taylor Morrison Home by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 97,648 shares of the construction company’s stock valued at $1,762,000 after buying an additional 3,689 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in shares of Taylor Morrison Home by 1,703.9% during the third quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock valued at $309,000 after buying an additional 5,265 shares during the period.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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