Wells Fargo & Co Analysts Give Taylor Morrison Home (TMHC) a $24.00 Price Target

Wells Fargo & Co set a $24.00 price target on Taylor Morrison Home (NYSE:TMHC) in a report released on Thursday. The brokerage currently has a buy rating on the construction company’s stock.

TMHC has been the topic of a number of other reports. ValuEngine downgraded shares of Taylor Morrison Home from a sell rating to a strong sell rating in a research note on Saturday, July 28th. Barclays downgraded shares of Taylor Morrison Home from an equal weight rating to a sell rating and dropped their target price for the stock from $22.00 to $20.00 in a research note on Friday, September 14th. Zacks Investment Research downgraded shares of Taylor Morrison Home from a hold rating to a sell rating in a research note on Friday, August 3rd. JMP Securities downgraded shares of Taylor Morrison Home from an outperform rating to a market perform rating in a research note on Monday, October 8th. Finally, Susquehanna Bancshares dropped their target price on shares of Taylor Morrison Home from $34.00 to $30.00 and set a positive rating on the stock in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $22.78.

Taylor Morrison Home stock traded down $0.04 during midday trading on Thursday, reaching $16.29. The stock had a trading volume of 7,145 shares, compared to its average volume of 1,902,619. 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 52-week low of $14.73 and a 52-week high of $28.42. The firm has a market capitalization of $1.83 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.27.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Research analysts anticipate that Taylor Morrison Home will post 2.34 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. KAMES CAPITAL plc boosted its stake in shares of Taylor Morrison Home by 5.5% during the second quarter. KAMES CAPITAL plc now owns 54,698 shares of the construction company’s stock valued at $1,136,000 after purchasing an additional 2,840 shares in the last quarter. First Interstate Bank boosted its stake in shares of Taylor Morrison Home by 36.8% during the second quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,965 shares in the last quarter. Smith Asset Management Group LP boosted its stake in shares of Taylor Morrison Home by 4.1% during the second quarter. Smith Asset Management Group LP now owns 87,755 shares of the construction company’s stock valued at $1,824,000 after purchasing an additional 3,424 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Taylor Morrison Home by 19.2% during the second quarter. United Services Automobile Association now owns 25,014 shares of the construction company’s stock valued at $520,000 after purchasing an additional 4,029 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in shares of Taylor Morrison Home by 9.6% during the second quarter. Stanley Laman Group Ltd. now owns 47,215 shares of the construction company’s stock valued at $981,000 after purchasing an additional 4,143 shares in the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.

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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