In a report released on January 5, Carl Reichardt from BTIG maintained a Hold rating on Taylor Morrison (TMHC – Research Report). The company’s shares closed last Friday at $50.66.
Reichardt covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, PulteGroup, and Lennar. According to TipRanks, Reichardt has an average return of 17.8% and a 62.39% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Taylor Morrison with a $54.33 average price target.
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TMHC market cap is currently $5.44B and has a P/E ratio of 6.41.
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Taylor Morrison (TMHC) Company Description:
Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions. The Central segment consists of Austin, Dallas, Denver, and Houston. The West segment covers Bay Area, Phoenix, Sacramento, and Southern California. The Financial Services segment provides a number of finance-related services through mortgage lending operations. The company was founded on November 15, 2012 and is headquartered in Scottsdale, AZ.
Read More on TMHC:
- Taylor Morrison price target raised to $69 from $57 at JPMorgan
- Century Communities price target raised to $74 from $58.50 at JPMorgan
- Wedbush says buy these housing and home finance stocks in 2024
- Taylor Morrison downgraded to Neutral at Wedbush on valuation
- Taylor Morrison downgraded to Neutral from Outperform at Wedbush
