Taylor Morrison Home (NYSE:TMHC) Price Target Raised to $74.00 at Royal Bank of Canada

Taylor Morrison Home (NYSE:TMHC - Get Free Report) had its price objective hoisted by equities research analysts at Royal Bank of Canada from $72.00 to $74.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Royal Bank of Canada's price objective would indicate a potential upside of 15.43% from the stock's current price.

Several other research firms have also issued reports on TMHC. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Raymond James reiterated an "outperform" rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Seaport Res Ptn downgraded Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Finally, Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average price target of $83.57.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC traded up $0.16 during trading on Thursday, hitting $64.11. 1,156,444 shares of the company's stock were exchanged, compared to its average volume of 928,946. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home has a 52-week low of $53.17 and a 52-week high of $75.49. The business's 50-day simple moving average is $63.43 and its 200 day simple moving average is $66.32. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 8.48 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. As a group, equities analysts predict that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Activity

In other news, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company's stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.50% of the company's stock.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in TMHC. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $29,000. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home in the 4th quarter worth $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $34,000. Quarry LP lifted its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Company Profile

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.