Taylor Morrison Home (TMHC) Given a $16.00 Price Target by Barclays Analysts

Barclays set a $16.00 price target on Taylor Morrison Home (NYSE:TMHC) in a research note published on Wednesday. The brokerage currently has a sell rating on the construction company’s stock.

TMHC has been the topic of a number of other research reports. Zacks Investment Research raised shares of Taylor Morrison Home from a sell rating to a hold rating in a report on Tuesday, November 6th. Wells Fargo & Co set a $24.00 price target on shares of Taylor Morrison Home and gave the company a buy rating in a report on Thursday, November 1st. ValuEngine raised shares of Taylor Morrison Home from a strong sell rating to a sell rating in a report on Friday, December 7th. JMP Securities downgraded shares of Taylor Morrison Home from an outperform rating to a market perform rating in a report on Monday, October 8th. Finally, 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 report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Taylor Morrison Home has a consensus rating of Hold and a consensus target price of $22.56.

TMHC stock traded up $0.17 during trading on Wednesday, hitting $16.81. 13,502 shares of the stock traded hands, compared to its average volume of 1,199,208. Taylor Morrison Home has a 1 year low of $14.73 and a 1 year high of $28.42. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.76 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 7.58.

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

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,537,928 shares of the construction company’s stock worth $190,104,000 after purchasing an additional 197,582 shares during the period. Morgan Stanley lifted its stake in shares of Taylor Morrison Home by 24.8% in the 3rd quarter. Morgan Stanley now owns 696,576 shares of the construction company’s stock worth $12,566,000 after purchasing an additional 138,569 shares during the period. Legal & General Group Plc lifted its stake in shares of Taylor Morrison Home by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 64,938 shares of the construction company’s stock worth $1,171,000 after purchasing an additional 4,078 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Taylor Morrison Home by 1,703.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock worth $309,000 after purchasing an additional 5,265 shares during the period. Finally, IndexIQ Advisors LLC lifted its stake in shares of Taylor Morrison Home by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 97,648 shares of the construction company’s stock worth $1,762,000 after purchasing an additional 3,689 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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