Taylor Morrison Home (TMHC) Price Target Raised to $16.00 at Deutsche Bank

Taylor Morrison Home (NYSE:TMHC) had its target price raised by investment analysts at Deutsche Bank from $14.00 to $16.00 in a report released on Thursday. The brokerage currently has a “hold” rating on the construction company’s stock. Deutsche Bank’s price objective would indicate a potential downside of 2.02% from the stock’s previous close.

Several other research analysts have also recently commented on the company. Citigroup reissued a “buy” rating and set a $19.00 target price (down from $27.00) on shares of Taylor Morrison Home in a research note on Monday, October 29th. Zacks Investment Research cut Taylor Morrison Home from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. TheStreet cut Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. JMP Securities cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, October 8th. Finally, ValuEngine cut Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Taylor Morrison Home has an average rating of “Hold” and a consensus target price of $22.78.

TMHC traded up $0.08 on Thursday, hitting $16.33. 2,132,789 shares of the company were exchanged, compared to its average volume of 1,865,435. Taylor Morrison Home has a twelve month low of $14.73 and a twelve month high of $28.42. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.86 and a quick ratio of 0.88.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 31st. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a return on equity of 11.33% and a net margin of 5.34%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $0.45 EPS. Taylor Morrison Home’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts anticipate that Taylor Morrison Home will post 2.59 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in TMHC. California Public Employees Retirement System boosted its position in shares of Taylor Morrison Home by 36.6% during the 1st quarter. California Public Employees Retirement System now owns 121,121 shares of the construction company’s stock worth $2,820,000 after acquiring an additional 32,437 shares in the last quarter. UBS Group AG boosted its position in shares of Taylor Morrison Home by 400.4% during the 1st quarter. UBS Group AG now owns 167,710 shares of the construction company’s stock worth $3,904,000 after acquiring an additional 134,196 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Taylor Morrison Home by 31.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 81,967 shares of the construction company’s stock worth $1,909,000 after acquiring an additional 19,684 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Taylor Morrison Home by 32.4% during the 1st quarter. California State Teachers Retirement System now owns 169,338 shares of the construction company’s stock worth $3,942,000 after acquiring an additional 41,466 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $1,788,000. 98.94% of the stock is owned by institutional investors and hedge funds.

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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