ValuEngine upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a strong sell rating to a sell rating in a research report report published on Friday.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Taylor Morrison Home from a buy rating to a hold rating in a research report on Wednesday, October 17th. Citigroup reaffirmed a buy rating and set a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a research report on Monday, October 29th. Deutsche Bank lowered Taylor Morrison Home from a buy rating to a hold rating and lowered their price target for the company from $25.00 to $14.00 in a research report on Monday, October 22nd. Barclays set a $18.00 price target on Taylor Morrison Home and gave the company a sell rating in a research report on Thursday, November 1st. Finally, JMP Securities lowered Taylor Morrison Home from an outperform rating to a market perform rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Taylor Morrison Home currently has an average rating of Hold and an average price target of $22.78.

TMHC opened at $17.11 on Friday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29. 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 one year low of $14.73 and a one year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. Taylor Morrison Home’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Equities research analysts forecast that Taylor Morrison Home will post 2.22 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Stanley Laman Group Ltd. increased its position in Taylor Morrison Home by 9.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 47,215 shares of the construction company’s stock valued at $981,000 after buying an additional 4,143 shares in the last quarter. IndexIQ Advisors LLC increased its position in Taylor Morrison Home by 9.9% during the 2nd quarter. IndexIQ Advisors LLC now owns 93,959 shares of the construction company’s stock valued at $1,952,000 after buying an additional 8,473 shares in the last quarter. Bank of America Corp DE increased its position in Taylor Morrison Home by 19.3% during the 2nd quarter. Bank of America Corp DE now owns 557,768 shares of the construction company’s stock valued at $11,590,000 after buying an additional 90,320 shares in the last quarter. Victory Capital Management Inc. increased its position in Taylor Morrison Home by 48.1% during the 3rd quarter. Victory Capital Management Inc. now owns 22,447 shares of the construction company’s stock valued at $405,000 after buying an additional 7,290 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in Taylor Morrison Home by 7.8% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 60,175 shares of the construction company’s stock valued at $1,086,000 after buying an additional 4,352 shares in the last quarter. 93.62% of the stock is owned by institutional investors.

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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