Taylor Morrison Home (NYSE:TMHC) PT Raised to $23.00

Taylor Morrison Home (NYSE:TMHC) had its target price lifted by Barclays from $20.00 to $23.00 in a research note published on Friday morning, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other research firms have also commented on TMHC. Zacks Investment Research lowered Zynex from a hold rating to a sell rating in a research report on Saturday, May 4th. Royal Bank of Canada lifted their price target on Victory Capital to $19.00 and gave the stock an outperform rating in a research report on Thursday, May 16th. Wedbush reiterated a buy rating and issued a $95.00 price target on shares of Global Blood Therapeutics in a research report on Monday, May 13th. ValuEngine lowered Xylem from a buy rating to a hold rating in a research report on Tuesday, May 14th. Finally, Citigroup lowered BCE from a buy rating to a neutral rating in a research report on Thursday, May 2nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Taylor Morrison Home has a consensus rating of Hold and an average target price of $23.05.

Shares of Taylor Morrison Home stock opened at $21.78 on Friday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. Taylor Morrison Home has a twelve month low of $14.73 and a twelve month high of $22.56. The company has a current ratio of 7.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $20.84.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $925.10 million during the quarter, compared to analyst estimates of $872.44 million. Taylor Morrison Home had a return on equity of 12.89% and a net margin of 4.83%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Sell-side analysts forecast that Taylor Morrison Home will post 2.64 earnings per share for the current fiscal year.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total value of $40,674.44. Following the completion of the sale, the insider now owns 2,015 shares of the company’s stock, valued at $41,730.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in Taylor Morrison Home in the first quarter worth about $59,000. Factorial Partners LLC bought a new stake in Taylor Morrison Home in the first quarter worth about $71,000. Public Employees Retirement System of Ohio lifted its stake in Taylor Morrison Home by 26.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,577 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Taylor Morrison Home by 10.6% in the first quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after purchasing an additional 1,004 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Taylor Morrison Home in the first quarter worth about $195,000.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

Read More: Cost of Equity For A Business, Investors

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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