Taylor Morrison Home (NYSE:TMHC) Target Lowered by B. Riley to $31.00

Taylor Morrison Home stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by B. Riley on 10/12/2021. In a note to investors, the firm issued a new target price of $31.00. The analysts previously had $33.00 target price. B. Riley’s price target would indicate a potential upside of 17.65% from the stock’s previous close.

Shares of traded on monday, reaching $26.38. 80783 shares of the stock traded hands, compared to its average volume of 1002192. On monday, Shares of closed at $26.38. The firm’s 50 day moving average is $27.11 and its 200 day moving average is $27.98.  has a 12 month low of $21.34 and a 12 month high of $33.06. While on yearly highs and lows, today has traded high as $26.50 and has touched $26.04 on the downward trend.

Earnings and What to expect: 

Taylor Morrison Home last posted its quarterly earnings results on July 29th, 2021. The construction company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by $0.06. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Taylor Morrison Home has generated $3.24 earnings per share over the last year ($3.29 diluted earnings per share) and currently has a price-to-earnings ratio of 8.0. Earnings for Taylor Morrison Home are expected to grow by 31.91% in the coming year, from $5.14 to $6.78 per share. Taylor Morrison Home has confirmed that its next quarterly earnings report will be published on Wednesday, October 27th, 2021. Taylor Morrison Home will be holding an earnings conference call on Wednesday, October 27th at 8:30 AM Eastern. Interested parties can .

Earnings for Taylor Morrison Home are expected to grow by 31.91% in the coming year, from $5.14 to $6.78 per share. The P/E ratio of Taylor Morrison Home is 8.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.29. The P/E ratio of Taylor Morrison Home is 8.01, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 16.67. Taylor Morrison Home has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

(NYSE:TMHC) Moving Average Technical Analysis

5 day Moving Average is $$26.51 And 5 day price change is -$0.09 (-0.34%)  with average volume for 5 day average is 548,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $26.44 and 20 day price change is -$0.23 (-0.87%) and average 20 day moving volume is 1,004,580. 50 day moving average is $27.11  and 50 day price change is -$0.47 ( -1.75%)  and with average volume for 50 days is : 977,802. 200 day moving average is $27.98  and 200 day price change is -$0.25 (-0.94%)  and with average volume for 200 days is : 1,187,751.

Other owners latest trading in Taylor Morrison Home :

  • On 10/6/2021 shares held by First Dallas Securities Inc. were 59,200 which equates to market value of $1.53M and appx 1.10% owners of Taylor Morrison Home
  • On 10/6/2021 shares held by Hodges Capital Management Inc. were 1,026,969 which equates to market value of $26.48M and appx 1.90% owners of Taylor Morrison Home
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 491,367 which equates to market value of $12.98M and appx 0.00% owners of Taylor Morrison Home
  • In total Institutional ownership equates to Institutional Ownership Percentage: 90.97% for Taylor Morrison Home

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