Taylor Morrison Home (NYSE:TMHC) Price Target Cut to $25.00 by Analysts at Wells Fargo & Company

Taylor Morrison Home (NYSE:TMHCGet Rating) had its price target dropped by stock analysts at Wells Fargo & Company from $28.00 to $25.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 17.43% from the stock’s current price.

Several other research firms have also recently issued reports on TMHC. B. Riley cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $28.00 in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Taylor Morrison Home from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. Credit Suisse Group assumed coverage on shares of Taylor Morrison Home in a research note on Tuesday, April 5th. They set a “neutral” rating and a $32.00 target price on the stock. BTIG Research lowered their price objective on shares of Taylor Morrison Home from $40.00 to $35.00 in a research note on Thursday, April 28th. Finally, Barclays cut shares of Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $41.00 to $33.00 in a research note on Thursday, March 31st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and an average price target of $31.00.

NYSE:TMHC opened at $21.29 on Friday. The firm’s 50-day moving average price is $27.27 and its 200-day moving average price is $29.74. The company has a market capitalization of $2.55 billion, a PE ratio of 3.60 and a beta of 1.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.62 and a quick ratio of 0.83. Taylor Morrison Home has a 1-year low of $21.16 and a 1-year high of $35.51.

Taylor Morrison Home (NYSE:TMHCGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The construction company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.26 by $0.18. Taylor Morrison Home had a net margin of 9.53% and a return on equity of 19.17%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.75 EPS. Taylor Morrison Home’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that Taylor Morrison Home will post 9.19 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in Taylor Morrison Home in the fourth quarter worth $26,000. Covestor Ltd bought a new stake in Taylor Morrison Home in the fourth quarter worth $54,000. Lazard Asset Management LLC bought a new stake in Taylor Morrison Home in the first quarter worth $44,000. Quantbot Technologies LP bought a new stake in Taylor Morrison Home in the first quarter worth $77,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Taylor Morrison Home during the first quarter worth $80,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home (Get Rating)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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