Taylor Morrison Home Corp (NYSE:TMHC) has received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.64.
A number of equities research analysts have recently weighed in on TMHC shares. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays set a $17.00 price target on shares of Taylor Morrison Home and gave the company a “sell” rating in a research report on Thursday, March 28th. B. Riley lifted their price target on shares of Taylor Morrison Home from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. JPMorgan Chase & Co. upgraded shares of Taylor Morrison Home from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.50 to $20.00 in a research report on Thursday, March 7th. Finally, ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th.
In other Taylor Morrison Home news, insider Joseph Terracciano sold 2,323 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $16.84, for a total transaction of $39,119.32. Following the completion of the transaction, the insider now directly owns 2,050 shares in the company, valued at $34,522. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Shares of TMHC stock opened at $19.39 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 7.70 and a quick ratio of 0.89. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.81 and a beta of 1.16. Taylor Morrison Home has a 12-month low of $14.73 and a 12-month high of $24.39.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.40. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. Taylor Morrison Home had a net margin of 4.88% and a return on equity of 12.90%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home will post 2.43 EPS for the current fiscal year.
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 and multi-family attached and detached 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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