Taylor Morrison Home (NYSE:TMHC) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Co set a $24.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Thursday, November 1st. Citigroup reiterated a “buy” rating and issued a $19.00 price objective (down previously from $27.00) on shares of Taylor Morrison Home in a research report on Monday, October 29th. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, October 16th. TheStreet cut Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Finally, Deutsche Bank increased their price objective on Taylor Morrison Home from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.78.

Shares of NYSE TMHC traded up $0.05 during mid-day trading on Friday, hitting $17.11. 1,390,266 shares of the company were exchanged, compared to its average volume of 1,420,322. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $28.42. The company has a market cap of $1.97 billion, a PE ratio of 8.64, a P/E/G ratio of 0.78 and a beta of 1.29.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Analysts anticipate that Taylor Morrison Home will post 2.22 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in Taylor Morrison Home during the second quarter valued at $906,000. BNP Paribas Arbitrage SA boosted its position in Taylor Morrison Home by 182.9% during the second quarter. BNP Paribas Arbitrage SA now owns 65,621 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 42,423 shares during the last quarter. Smith Asset Management Group LP boosted its position in Taylor Morrison Home by 4.1% during the second quarter. Smith Asset Management Group LP now owns 87,755 shares of the construction company’s stock valued at $1,824,000 after acquiring an additional 3,424 shares during the last quarter. First Trust Advisors LP boosted its position in Taylor Morrison Home by 119.4% during the second quarter. First Trust Advisors LP now owns 30,808 shares of the construction company’s stock valued at $640,000 after acquiring an additional 16,765 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in Taylor Morrison Home by 9.9% during the second quarter. IndexIQ Advisors LLC now owns 93,959 shares of the construction company’s stock valued at $1,952,000 after acquiring an additional 8,473 shares during the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

Taylor Morrison Home Company Profile

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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