Taylor Morrison Home Corporation (NYSE:TMHC) Receives $78.29 Consensus Target Price from Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $78.2857.

A number of equities research analysts have commented on TMHC shares. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Barclays dropped their target price on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Bank of America restated a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Royal Bank Of Canada boosted their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Citigroup began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock.

Taylor Morrison Home Price Performance

TMHC opened at $58.06 on Tuesday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 7.48, a PEG ratio of 8.01 and a beta of 1.58. The stock has a fifty day moving average of $62.52 and a 200-day moving average of $62.22. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $72.50.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in Taylor Morrison Home during the third quarter valued at $26,000. Root Financial Partners LLC acquired a new position in Taylor Morrison Home in the 3rd quarter worth about $27,000. Miller Capital Partners Inc. acquired a new position in Taylor Morrison Home in the 4th quarter worth about $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $33,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.