Taylor Morrison Home (NYSE:TMHC) Given New $77.00 Price Target at Royal Bank of Canada

Taylor Morrison Home (NYSE:TMHC) had its price target lifted by Royal Bank of Canada from $74.00 to $77.00 in a research note published on Thursday, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

TMHC has been the topic of a number of other research reports. Raymond James started coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Monday, August 19th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays lifted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.83.

Taylor Morrison Home Stock Up 0.2 %

Shares of NYSE:TMHC opened at $68.52 on Thursday. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $71.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $67.58 and its 200-day simple moving average is $61.66. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. As a group, equities research analysts predict that Taylor Morrison Home will post 8.15 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently modified their holdings of the business. AlphaMark Advisors LLC acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth approximately $355,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after acquiring an additional 649,230 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Taylor Morrison Home by 2.3% in the first quarter. State of Michigan Retirement System now owns 26,395 shares of the construction company’s stock valued at $1,641,000 after acquiring an additional 600 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its stake in shares of Taylor Morrison Home by 4.1% during the first quarter. Measured Wealth Private Client Group LLC now owns 9,744 shares of the construction company’s stock valued at $606,000 after acquiring an additional 386 shares during the last quarter. Finally, Check Capital Management Inc. CA purchased a new stake in Taylor Morrison Home during the 1st quarter worth about $211,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.