Taylor Morrison Home Corp Given Average Rating of “Hold” by Analysts (NASDAQ:TMHC)
Taylor Morrison Home Corp (NASDAQ:TMHC) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, AmericanBankingNews.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.06.
Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 1.41% on Friday, hitting $18.03. The stock had a trading volume of 105,738 shares. Taylor Morrison Home Corp has a 52-week low of $17.28 and a 52-week high of $26.37. The stock’s 50-day moving average is $20.88 and its 200-day moving average is $21.87. The company has a market cap of $592.4 million and a price-to-earnings ratio of 10.37.
Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.06. The company had revenue of $519.20 million for the quarter, compared to the consensus estimate of $512.60 million. The company’s quarterly revenue was up 36.1% on a year-over-year basis. Analysts expect that Taylor Morrison Home Corp will post $1.97 EPS for the current fiscal year.
Separately, analysts at Susquehanna upgraded shares of Taylor Morrison Home Corp from a “neutral” rating to a “positive” rating in a research note on Friday. They now have a $24.00 price target on the stock.
Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a homebuilder in North America.
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