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

Several other brokerages also recently issued reports on TMHC. Deutsche Bank AG restated a “hold” rating and issued a $26.00 price target (up from $25.00) on shares of Taylor Morrison Home Corp in a report on Friday, August 26th. Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Saturday, August 6th. Wells Fargo & Co. started coverage on Taylor Morrison Home Corp in a report on Wednesday, September 28th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their price target on Taylor Morrison Home Corp from $16.50 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Finally, FBR & Co increased their price target on Taylor Morrison Home Corp from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Taylor Morrison Home Corp has a consensus rating of “Hold” and an average target price of $19.29.

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

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 19.05 on Monday. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $19.40. The stock’s 50 day moving average price is $17.64 and its 200 day moving average price is $16.36. The firm has a market capitalization of $579.41 million and a price-to-earnings ratio of 12.78.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company earned $853 million during the quarter, compared to the consensus estimate of $862.21 million. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. Analysts expect that Taylor Morrison Home Corp will post $1.66 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of TMHC. 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 in the last quarter. 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 in the last quarter. Trexquant Investment LP bought a new position in shares of Taylor Morrison Home Corp during the second quarter valued at approximately $158,000. Dynamic Technology Lab Private Ltd boosted its position in shares of 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 shares of 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

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