In a report released on May 6, Michael Rehaut from J.P. Morgan maintained a Buy rating on Taylor Morrison (TMHC – Research Report), with a price target of $76.00. The company’s shares closed yesterday at $58.49.
According to TipRanks, Rehaut is a 4-star analyst with an average return of 5.0% and a 55.84% success rate. Rehaut covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Mohawk, and LGI Homes.
In addition to J.P. Morgan, Taylor Morrison also received a Buy from RBC Capital’s Michael Dahl in a report issued on April 30. However, on May 1, Wedbush reiterated a Hold rating on Taylor Morrison (NYSE: TMHC).
TMHC market cap is currently $6.19B and has a P/E ratio of 8.36.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TMHC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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