Taylor Morrison Home Corp Given New $28.00 Price Target at JMP Securities (TMHC)
JMP Securities cut their target price on shares of Taylor Morrison Home Corp (NASDAQ:TMHC) from $30.00 to $28.00 in a research note issued on Wednesday, Analyst RN reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 21.42% from the company’s current price.
Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 2.31% during mid-day trading on Wednesday, hitting $23.06. 461,666 shares of the company’s stock traded hands. Taylor Morrison Home Corp has a 52-week low of $17.93 and a 52-week high of $27.67. The stock’s 50-day moving average is $21.4 and its 200-day moving average is $23.91. The company has a market cap of $757.7 million and a price-to-earnings ratio of 1.87.
Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its earnings results on Tuesday, August 13th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.26) by $0.42. The company had revenue of $508.87 million for the quarter, compared to the consensus estimate of $493.40 million. Taylor Morrison Home Corp’s revenue was up 59.8% compared to the same quarter last year. Analysts expect that Taylor Morrison Home Corp will post $1.45 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of Taylor Morrison Home Corp in a research note to investors on Tuesday, September 10th. They now have a $27.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Taylor Morrison Home Corp from $29.00 to $27.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Taylor Morrison Home Corp from $31.00 to $28.00 in a research note to investors on Wednesday, August 14th. They now have a “positive” rating on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.58.
Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a homebuilder in North America.
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