Taylor Morrison Home Corporation (NYSE:TMHC) Receives $75.57 Consensus Price Target from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $75.5714.

A number of equities research analysts have issued reports on TMHC shares. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Royal Bank Of Canada decreased their price target on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday. Bank of America reduced their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Barclays reiterated an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 8th.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AIA Group Ltd lifted its stake in Taylor Morrison Home by 30.1% during the third quarter. AIA Group Ltd now owns 19,184 shares of the construction company’s stock worth $1,266,000 after purchasing an additional 4,443 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in Taylor Morrison Home by 181.5% during the third quarter. Tudor Investment Corp ET AL now owns 325,829 shares of the construction company’s stock worth $21,508,000 after purchasing an additional 210,102 shares in the last quarter. Allworth Financial LP lifted its position in shares of Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after buying an additional 200 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $292,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Taylor Morrison Home by 39.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock valued at $51,313,000 after buying an additional 218,514 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $58.86 on Friday. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $72.50. The company has a fifty day simple moving average of $60.73 and a two-hundred day simple moving average of $63.18. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 7.09 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the firm earned $2.40 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

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.