Wedbush reaffirmed their neutral rating on shares of Taylor Morrison Home Corp (NASDAQ:TMHC) in a research report report published on Monday. The firm currently has a $18.00 price objective on the stock.

Analyst Recommendations for Taylor Morrison Home Corp (NASDAQ:TMHC)

Several other research analysts have also issued reports on the stock. Credit Suisse Group AG restated an outperform rating and set a $18.00 price target on shares of Taylor Morrison Home Corp in a report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a sell rating to a hold rating in a report on Tuesday, July 19th. Deutsche Bank AG raised their price target on shares of Taylor Morrison Home Corp from $20.00 to $21.00 and gave the stock a buy rating in a report on Tuesday, August 9th. Citigroup Inc. raised their price target on shares of Taylor Morrison Home Corp from $15.50 to $17.00 and gave the stock a neutral rating in a report on Thursday, August 4th. Finally, TheStreet upgraded shares of Taylor Morrison Home Corp from a hold rating to a buy rating in a report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $19.29.

Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 16.41 on Monday. The company’s 50-day moving average is $17.19 and its 200 day moving average is $15.47. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $20.64. The firm has a market cap of $498.09 million and a PE ratio of 10.98.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $854.30 million for the quarter, compared to analyst estimates of $793.63 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. Equities analysts anticipate that Taylor Morrison Home Corp will post $1.66 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC raised its stake in Taylor Morrison Home Corp by 135.3% in the second quarter. Gabelli Funds LLC now owns 400,000 shares of the company’s stock valued at $5,936,000 after buying an additional 230,000 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Taylor Morrison Home Corp during the second quarter worth approximately $169,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Taylor Morrison Home Corp during the second quarter worth approximately $961,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Taylor Morrison Home Corp by 22.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 50,135 shares of the company’s stock worth $744,000 after buying an additional 9,300 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Taylor Morrison Home Corp by 41.1% in the second quarter. GSA Capital Partners LLP now owns 159,378 shares of the company’s stock worth $2,365,000 after buying an additional 46,390 shares during the period.

About Taylor Morrison Home Corp

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