Royal Bank of Canada Forecasts Strong Price Appreciation for Taylor Morrison Home (NYSE:TMHC) Stock

Taylor Morrison Home (NYSE:TMHC) had its price objective lifted by research analysts at Royal Bank of Canada from $72.00 to $74.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 15.43% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.57.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $64.11 on Thursday. Taylor Morrison Home has a 12 month low of $53.17 and a 12 month high of $75.49. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 8.48 and a beta of 2.03. The company’s 50 day moving average is $63.52 and its two-hundred day moving average is $66.36. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. As a group, research analysts anticipate that Taylor Morrison Home will post 8.44 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Taylor Morrison Home during the third quarter worth $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $34,000. Quarry LP boosted its stake in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after purchasing an additional 471 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the period. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at $51,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.