Trade Report: The Taylor Morrison Home Corp (TMHC) gets Hold status at TheStreet

The Taylor Morrison Home Corp (TMHC) gets Hold status at TheStreet

TheStreet lowered shares of Taylor Morrison Home Corp (NASDAQ:TMHC) from a buy rating to a hold rating in a report published on Tuesday.

Other research analysts have also issued reports about the stock. Credit Suisse Group AG restated an outperform rating and issued a $18.00 price objective on shares of Taylor Morrison Home Corp in a report on Wednesday, June 29th. Zacks Investment Research lowered shares of Taylor Morrison Home Corp from a hold rating to a sell rating in a report on Wednesday, July 6th. FBR & Co upped their price objective on shares of Taylor Morrison Home Corp from $16.00 to $20.00 and gave the stock an outperform rating in a report on Thursday, August 4th. Susquehanna lowered shares of Taylor Morrison Home Corp from a positive rating to a neutral rating in a report on Thursday, August 4th. Finally, Citigroup Inc. upped their price objective on shares of Taylor Morrison Home Corp from $15.50 to $17.00 and gave the stock a neutral rating in a report on Thursday, August 4th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Taylor Morrison Home Corp presently has an average rating of Hold and an average price target of $19.29.

Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 0.86% on Tuesday, reaching $17.58. 93,288 shares of the company traded hands. The company has a market capitalization of $533.61 million and a PE ratio of 11.77. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $20.25. The stock’s 50 day moving average price is $17.32 and its 200 day moving average price is $15.84.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The firm had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $793.63 million. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, equities research analysts predict that Taylor Morrison Home Corp will post $1.66 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of 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 last quarter. Alliancebernstein L.P. raised its stake 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 worth $1,460,000 after buying an additional 13,200 shares in the last quarter. Trexquant Investment LP purchased a new stake in Taylor Morrison Home Corp during the second quarter worth $158,000. Dynamic Technology Lab Private Ltd raised its stake 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 worth $744,000 after buying an additional 9,300 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake 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 worth $32,664,000 after buying an additional 30,171 shares in the last quarter.

Taylor Morrison Home Corp Company Profile

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