ValuEngine downgraded shares of Taylor Morrison Home (NYSE:TMHC) from a sell rating to a strong sell rating in a report released on Monday morning.

A number of other analysts have also weighed in on the stock. Barclays lowered shares of Taylor Morrison Home from an equal weight rating to a sell rating and lowered their price target for the company from $22.00 to $20.00 in a report on Friday. Zacks Investment Research lowered shares of Taylor Morrison Home from a hold rating to a sell rating in a report on Friday, August 3rd. Susquehanna Bancshares lowered their price target on shares of Taylor Morrison Home from $34.00 to $30.00 and set a positive rating for the company in a report on Thursday, August 2nd. JMP Securities lowered their price target on shares of Taylor Morrison Home from $28.00 to $24.00 and set a buy rating for the company in a report on Thursday, August 2nd. Finally, Royal Bank of Canada assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, June 27th. They issued a sector perform rating for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $27.75.

Shares of Taylor Morrison Home stock opened at $19.07 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.86 and a quick ratio of 0.88. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.64 and a beta of 1.28. Taylor Morrison Home has a fifty-two week low of $18.70 and a fifty-two week high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, August 1st. The construction company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $980.83 million during the quarter, compared to analyst estimates of $923.15 million. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. Taylor Morrison Home’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. equities analysts predict that Taylor Morrison Home will post 2.6 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Taylor Morrison Home by 48.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the construction company’s stock worth $164,000 after acquiring an additional 2,314 shares during the period. KAMES CAPITAL plc grew its holdings in Taylor Morrison Home by 5.5% during the 2nd quarter. KAMES CAPITAL plc now owns 54,698 shares of the construction company’s stock worth $1,136,000 after acquiring an additional 2,840 shares during the period. First Interstate Bank grew its holdings in Taylor Morrison Home by 36.8% during the 2nd quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock worth $229,000 after acquiring an additional 2,965 shares during the period. Smith Asset Management Group LP grew its holdings in Taylor Morrison Home by 4.1% during the 2nd quarter. Smith Asset Management Group LP now owns 87,755 shares of the construction company’s stock worth $1,824,000 after acquiring an additional 3,424 shares during the period. Finally, Amalgamated Bank grew its holdings in Taylor Morrison Home by 34.7% during the 1st quarter. Amalgamated Bank now owns 14,836 shares of the construction company’s stock worth $345,000 after acquiring an additional 3,819 shares during the period. 99.02% of the stock is owned by institutional investors and hedge funds.

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 detached and attached 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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