Taylor Morrison Home Corp (NASDAQ:TMHC) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other research firms also recently commented on TMHC. Deutsche Bank AG upped their price objective on shares of Taylor Morrison Home Corp from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Wedbush reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Taylor Morrison Home Corp in a report on Monday, September 19th. Wells Fargo & Co. initiated coverage on shares of Taylor Morrison Home Corp in a report on Wednesday, September 28th. They set a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Taylor Morrison Home Corp in a report on Wednesday, June 29th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.29.

Analyst Recommendations for Taylor Morrison Home Corp (NASDAQ:TMHC)

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 17.58 on Tuesday. The firm has a 50-day moving average of $17.32 and a 200 day moving average of $15.84. Taylor Morrison Home Corp has a 52 week low of $10.33 and a 52 week high of $20.25. The company has a market cap of $533.61 million and a P/E ratio of 11.77.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data 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 business had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $793.63 million. Taylor Morrison Home Corp’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. Equities analysts anticipate that Taylor Morrison Home Corp will post $1.66 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in Taylor Morrison Home Corp by 0.6% in the second quarter. Sei Investments Co. now owns 348,535 shares of the company’s stock valued at $5,172,000 after buying an additional 2,000 shares during the period. Alliancebernstein L.P. boosted its position in Taylor Morrison Home Corp by 15.5% in the second quarter. Alliancebernstein L.P. now owns 98,400 shares of the company’s stock valued at $1,460,000 after buying an additional 13,200 shares during the period. Trexquant Investment LP bought a new position in Taylor Morrison Home Corp during the second quarter valued at $158,000. Dynamic Technology Lab Private Ltd boosted its position 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 valued at $744,000 after buying an additional 9,300 shares during the period. Finally, Vanguard Group Inc. boosted its position in Taylor Morrison Home Corp by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,201,066 shares of the company’s stock valued at $32,664,000 after buying an additional 30,171 shares during the period.

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

Receive News & Stock Ratings for Taylor Morrison Home Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home Corp and related stocks with our FREE daily email newsletter.