Taylor Morrison Home Corp (NASDAQ:TMHC) Cut to Hold at BidaskClub

Paterniano Del Favero
Agosto 19, 2017

According to Zacks brokerage recommendations, Taylor Morrison Home Corporation (NYSE:TMHC)'s Buy count is 0 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 0 and 6, respectively. It operates under the Taylor Morrison and Darling Homes brand names. The Company has operations in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

TMHC has been the topic of a number of analyst reports. FBR & Co boosted their target price on Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a "mkt perform" rating in a research note on Friday, April 28th.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Wednesday, August 2nd. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Taylor Morrison Home Corp by 11.6% in the first quarter. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. BidaskClub lowered Taylor Morrison Home Corp from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 24th. Timessquare Capital Management Llc acquired 17,700 shares as Cogent Communications Gro (CCOI)'s stock declined 9.38%. The company has a market cap of $1.54 billion and a PE ratio of 12.83.

The company is now up from yesterday's close of $22.33. During the last 52 weeks, the price has been as high as $24.79 and as low as $15.82.

Taylor Morrison Home Corporation (TMHC) knifed -2.08 percent lower and now trades for $21.65. As of the last earnings report the EPS was $1.66 and is estimated to be $1.94 for the current year with 72,492,000 shares now outstanding. The firm had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The business's revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Taylor Morrison Home Corp will post $1.94 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Stock Observer and is the property of of Stock Observer. If you are viewing this story on another site, it was copied illegally and reposted in violation of worldwide copyright and trademark laws. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/16/bank-of-montreal-can-buys-580833-shares-of-taylor-morrison-home-corp-nasdaqtmhc-updated-updated-updated.html. Citigroup maintained Taylor Morrison Home Corp (NYSE:TMHC) on Thursday, August 4 with "Neutral" rating. BlackRock Inc. now owns 4,345,551 shares of the construction company's stock valued at $92,647,000 after buying an additional 4,342,631 shares in the last quarter. FMR LLC increased its position in Taylor Morrison Home Corp by 28.0% in the first quarter. The fund owned 16,219 shares of the construction company's stock after buying an additional 1,692 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Taylor Morrison Home Corp by 20.9% in the second quarter. Bank of New York Mellon Corp now owns 251,627 shares of the construction company's stock valued at $5,366,000 after buying an additional 81,998 shares in the last quarter. Metropolitan Life Co New York has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). About shares traded. Taylor Morrison Home Corp (NYSE:TMHC) has risen 72.45% since August 15, 2016 and is uptrending. Finally, UBS Group AG increased its stake in Taylor Morrison Home Corp by 4.7% in the first quarter. PNC Financial Services Group Inc. now owns 48,371 shares of the construction company's stock worth $1,032,000 after buying an additional 1,589 shares in the last quarter.

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Firm is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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