Taylor Morrison Home Corp (TMHC) – Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Taylor Morrison Home Corp (NASDAQ: TMHC):

  • 8/7/2017 – Taylor Morrison Home Corp had its price target raised by analysts at Deutsche Bank AG from $25.00 to $27.00. They now have a “buy” rating on the stock.
  • 8/5/2017 – Taylor Morrison Home Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “
  • 8/2/2017 – Taylor Morrison Home Corp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Taylor Morrison Home Corp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/4/2017 – Taylor Morrison Home Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

Shares of Taylor Morrison Home Corp (TMHC) opened at 22.74 on Wednesday. The firm has a market capitalization of $1.34 billion and a P/E ratio of 12.64. Taylor Morrison Home Corp has a 12-month low of $15.82 and a 12-month high of $24.79. The firm’s 50-day moving average price is $23.77 and its 200-day moving average price is $22.11.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Taylor Morrison Home Corp will post $1.93 earnings per share for the current fiscal year.

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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