Taylor Morrison Home (TMHC) Upgraded by Zacks Investment Research to Hold

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Zacks Investment Research upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

A number of other equities analysts have also recently issued reports on TMHC. Susquehanna Bancshares dropped their price target on shares of Taylor Morrison Home from $34.00 to $30.00 and set a positive rating on the stock in a research note on Thursday, August 2nd. Barclays set a $18.00 price target on shares of Taylor Morrison Home and gave the stock a sell rating in a research note on Thursday, November 1st. ValuEngine cut shares of Taylor Morrison Home from a sell rating to a strong sell rating in a research note on Saturday, July 28th. Wells Fargo & Co set a $24.00 price target on shares of Taylor Morrison Home and gave the stock a buy rating in a research note on Thursday, November 1st. Finally, Citigroup reiterated a buy rating and issued a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $22.78.

Shares of Taylor Morrison Home stock opened at $16.04 on Tuesday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 6.47, a PEG ratio of 0.78 and a beta of 1.27. Taylor Morrison Home has a 1 year low of $14.73 and a 1 year high of $28.42. The company has a current ratio of 7.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. Taylor Morrison Home’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, analysts expect that Taylor Morrison Home will post 2.17 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Commonwealth Bank of Australia purchased a new position in Taylor Morrison Home in the 3rd quarter worth about $137,000. Legacy Financial Advisors Inc. purchased a new position in Taylor Morrison Home in the 2nd quarter worth about $144,000. First Mercantile Trust Co. purchased a new position in Taylor Morrison Home in the 2nd quarter worth about $157,000. First Interstate Bank raised its position in Taylor Morrison Home by 36.8% in the 2nd quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock worth $229,000 after buying an additional 2,965 shares during the last quarter. Finally, GAM Holding AG purchased a new position in Taylor Morrison Home in the 2nd quarter worth about $318,000. 99.02% of the stock is owned by institutional investors and hedge funds.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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.

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