Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Recommendation of “Hold” by Brokerages

Taylor Morrison Home Corporation (NYSE:TMHC) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $76.8571.

TMHC has been the subject of several recent research reports. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Bank of America decreased their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Seaport Research Partners reissued a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th.

Taylor Morrison Home Stock Performance

TMHC stock opened at $71.90 on Friday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.66 and a beta of 1.47. Taylor Morrison Home has a 12 month low of $54.15 and a 12 month high of $72.50. The firm has a 50 day moving average of $61.76 and a two-hundred day moving average of $62.00.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, equities analysts anticipate that Taylor Morrison Home will post 5.36 EPS for the current fiscal year.

Institutional Trading of Taylor Morrison Home

Large investors have recently modified their holdings of the company. Miller Capital Partners Inc. bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $27,000. Pinnacle Holdings LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $32,000. Brown Brothers Harriman & Co. bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $33,000. Root Financial Partners LLC boosted its holdings in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after buying an additional 560 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.