Taylor Morrison Home Corp (TMHC) Lowered to “Hold” at TheStreet
Taylor Morrison Home Corp (NASDAQ:TMHC) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Several other research firms have also commented on TMHC. Wells Fargo & Co. began coverage on shares of Taylor Morrison Home Corp in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock. Deutsche Bank AG restated a “hold” rating and set a $26.00 price target (up previously from $25.00) on shares of Taylor Morrison Home Corp in a research report on Friday, August 26th. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Saturday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Taylor Morrison Home Corp from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Finally, FBR & Co raised their price target on shares of Taylor Morrison Home Corp from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.29.
Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 0.86% during midday trading on Tuesday, reaching $17.58. 93,288 shares of the company traded hands. The firm has a market capitalization of $533.61 million and a PE ratio of 11.77. The stock has a 50 day moving average price of $17.32 and a 200 day moving average price of $15.84. Taylor Morrison Home Corp has a 1-year low of $10.33 and a 1-year high of $20.25.
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Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The firm had revenue of $854.30 million for the quarter, compared to analyst estimates of $793.63 million. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Analysts expect that Taylor Morrison Home Corp will post $1.66 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC acquired a new position in Taylor Morrison Home Corp during the second quarter worth $153,000. Trexquant Investment LP acquired a new position in Taylor Morrison Home Corp during the second quarter worth $158,000. Gamco Investors INC. ET AL acquired a new position in Taylor Morrison Home Corp during the second quarter worth $169,000. Mutual of America Capital Management LLC raised its position in Taylor Morrison Home Corp by 24.4% in the second quarter. Mutual of America Capital Management LLC now owns 15,229 shares of the company’s stock worth $226,000 after buying an additional 2,986 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Taylor Morrison Home Corp during the second quarter worth $242,000.
About Taylor Morrison Home Corp
Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina.
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