Taylor Morrison Home Corp (NASDAQ:TMHC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other equities analysts also recently weighed in on TMHC. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 4th. Deutsche Bank AG lifted their target price on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Taylor Morrison Home Corp currently has an average rating of “Buy” and an average price target of $24.00.

Shares of Taylor Morrison Home Corp (TMHC) traded up 0.70% on Wednesday, reaching $23.00. 198,259 shares of the company were exchanged. The firm has a market capitalization of $1.67 billion and a PE ratio of 13.85. Taylor Morrison Home Corp has a 12-month low of $15.82 and a 12-month high of $24.79. The company’s 50 day moving average is $21.03 and its 200 day moving average is $22.49.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. The firm had revenue of $908.49 million during the quarter, compared to the consensus estimate of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Analysts forecast that Taylor Morrison Home Corp will post $1.93 earnings per share for the current year.

Taylor Morrison Home Corp declared that its Board of Directors has approved a stock repurchase plan on Monday, September 18th that permits the company to buyback $43.60 million in shares. This buyback authorization permits the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/06/taylor-morrison-home-corp-tmhc-stock-rating-upgraded-by-bidaskclub.html.

Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Taylor Morrison Home Corp by 148,720.2% during the first quarter. BlackRock Inc. now owns 4,345,551 shares of the construction company’s stock valued at $92,647,000 after purchasing an additional 4,342,631 shares during the last quarter. Credit Suisse AG lifted its position in Taylor Morrison Home Corp by 6,375.5% during the first quarter. Credit Suisse AG now owns 4,236,914 shares of the construction company’s stock valued at $90,331,000 after purchasing an additional 4,171,484 shares during the last quarter. Vanguard Group Inc. lifted its position in Taylor Morrison Home Corp by 72.8% during the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after purchasing an additional 2,962,990 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Taylor Morrison Home Corp by 76.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock valued at $84,072,000 after purchasing an additional 1,519,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Taylor Morrison Home Corp by 323.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,917,434 shares of the construction company’s stock valued at $46,038,000 after purchasing an additional 1,465,003 shares during the last quarter.

Taylor Morrison Home Corp Company Profile

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).

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.