Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the company. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.60.

TMHC has been the topic of several analyst reports. Deutsche Bank AG lifted their target price on Taylor Morrison Home Corp from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Wedbush reiterated a “neutral” rating and issued a $18.00 target price on shares of Taylor Morrison Home Corp in a research note on Monday, September 19th. Wells Fargo & Co. initiated coverage on Taylor Morrison Home Corp in a research note on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $18.00 target price on shares of Taylor Morrison Home Corp in a research note on Wednesday, June 29th.

Several large investors have recently added to or reduced their stakes in TMHC. Bank of New York Mellon Corp increased its stake in Taylor Morrison Home Corp by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 162,397 shares of the company’s stock worth $2,410,000 after buying an additional 4,857 shares during the period. Gabelli Funds LLC increased its stake in Taylor Morrison Home Corp by 135.3% in the second quarter. Gabelli Funds LLC now owns 400,000 shares of the company’s stock worth $5,936,000 after buying an additional 230,000 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Taylor Morrison Home Corp during the second quarter worth approximately $169,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Taylor Morrison Home Corp during the second quarter worth approximately $961,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in Taylor Morrison Home Corp by 22.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 50,135 shares of the company’s stock worth $744,000 after buying an additional 9,300 shares during the period.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 1.14% during midday trading on Thursday, reaching $17.38. 57,609 shares of the company’s stock traded hands. The firm has a market capitalization of $527.54 million and a PE ratio of 11.63. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $20.25. The stock’s 50-day moving average price is $17.32 and its 200 day moving average price is $15.84.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $793.63 million. During the same quarter last year, the firm earned $0.33 EPS. Taylor Morrison Home Corp’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities research analysts expect that Taylor Morrison Home Corp will post $1.66 earnings per share for the current fiscal year.

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.

5 Day Chart for NASDAQ:TMHC

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