Analysts Set Taylor Morrison Home Corp (TMHC) Target Price at $28.00
Shares of Taylor Morrison Home Corp (NYSE:TMHC) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.00.
A number of research analysts have weighed in on TMHC shares. Wells Fargo & Co set a $34.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a research report on Friday, June 8th. JMP Securities cut their price objective on shares of Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Barclays set a $22.00 price objective on shares of Taylor Morrison Home and gave the company a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Finally, Susquehanna Bancshares cut their price target on shares of Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating on the stock in a report on Thursday, August 2nd.
A number of large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its stake in Taylor Morrison Home by 61.0% in the second quarter. California Public Employees Retirement System now owns 195,058 shares of the construction company’s stock worth $4,053,000 after acquiring an additional 73,937 shares during the period. Bank of America Corp DE lifted its stake in Taylor Morrison Home by 19.3% in the second quarter. Bank of America Corp DE now owns 557,768 shares of the construction company’s stock worth $11,590,000 after acquiring an additional 90,320 shares during the period. Capital Fund Management S.A. lifted its stake in Taylor Morrison Home by 9.7% in the second quarter. Capital Fund Management S.A. now owns 315,259 shares of the construction company’s stock worth $6,551,000 after acquiring an additional 27,964 shares during the period. Long Pond Capital LP purchased a new stake in Taylor Morrison Home in the second quarter worth about $62,403,000. Finally, Burney Co. purchased a new stake in Taylor Morrison Home in the second quarter worth about $750,000. 99.11% of the stock is owned by institutional investors.
Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, August 1st. The construction company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. The business had revenue of $980.83 million for the quarter, compared to analysts’ expectations of $923.15 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. analysts anticipate that Taylor Morrison Home will post 2.6 EPS for the current fiscal year.
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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