Analysts’ Views On Taylor Morrison Home Corporation (TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) finished Friday with a subtraction of -$0.14 to close at $27.86, a downside of -0.50 percent. An average of 1,220,460 shares of common stock have been traded in the last five days. There was a gain of $0.90 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 831,065 shares traded, while the 50-day average volume stands at 990,132.

TMHC stock has increased by 4.23% in the last month. The company shares reached their 1-month lowest point of $25.66 on 10/01/21. With the stock rallying to its 52-week high on 04/27/21, shares of the company touched a low of $21.34 and a high of $33.06 in 52 weeks. It has reached a new high 11 times so far this year and achieved 8.62% or $2.21 in price. In spite of this, the price is down -15.73% from the 52-week high.


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Insider Transactions

66 days have passed since Taylor Morrison Home Corporation (TMHC) last reported insider trading activity. Cone C. David, who is EVP and CFO, most recently acquired $271,518 shares at $27.40 per share on Aug 18. In this transaction, the insider spent $7,439,593. Chief Accounting Officer, Terracciano Joseph, disposed of 598 shares at a price of $32.48 on May 10. The insider now owns more than $19,421 worth of shares. Prior to that, Director LYON WILLIAM H went on to Sale 1,025,699 shares at $31.77 each on Apr 30. An amount of $32,586,457 was transacted.

Valuation Metrics

Taylor Morrison Home Corporation (TMHC) has a trailing price-to-earnings (P/E) ratio of 8.48, which compares with the 8.80 for the broader industry and 32.04 for the sector. In the last five years, Taylor Morrison Home Corporation’s PE ratio has ranged between 19.33 and 2.987. The stock’s beta is 1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.56, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 5.40.

Further, the company has a long term debt to equity ratio of 0.86 and a total debt to equity ratio of 0.86 for the quarter ending June 29. Taylor Morrison Home Corporation’s EBITDA margin for the year ending June 29 is 8.31%, while its operating margin for the same period stands at 8.80%. Its gross profit as reported stood at $1.04 billion compared to revenue of $6.13 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Taylor Morrison Home Corporation’s return on assets was 5.40%. For the broader industry, ROE averaged 27.45 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Taylor Morrison Home Corporation had $415.07 million in total debt. The analyst consensus anticipated Taylor Morrison Home Corporation’s latest quarter earnings to come in at $1 per share, but it turned out to be $0.95, a -5.00% surprise. For the quarter, EBITDA amounted to $171.43 million. Shareholders own equity worth $125.29 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Taylor Morrison Home Corporation (TMHC) price momentum. RSI 9-day as of the close on 22 October was 60.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.18%.

As of today, TMHC’s price is $27.70 +3.34% or $0.90 from its 5-day moving average. TMHC is currently trading +4.86% higher than its 20-day SMA and -7.50% lower than its 100-day SMA. However, the stock’s current price level is -1.21% below the SMA50 and +8.07% above the SMA200.

The stochastic %K and %D were 85.71% and 80.22%, respectively, and the average true range (ATR) was 0.77. With the 14-day stochastic at 77.65% and the average true range at 0.76, the RSI (14) stands at 58.22%. The stock has reached 0.68 on the 9-day MACD Oscillator while the 14-day reading was at 0.99.

Analyst Ratings

Wells Fargo launched coverage on Taylor Morrison Home Corporation (NYSE: TMHC) in its analyst report released on April 16, 2021. The firm assigned the stock a an Equal weight rating. The consensus rating for Taylor Morrison Home Corporation (TMHC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TMHC, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

What is TMHC’s price target for the next 12 months?

Analysts predict a range of price targets between $29.00 and $46.00, with a median target of $37.50. Taking a look at these predictions, the average price target given by analysts for Taylor Morrison Home Corporation (TMHC) stock is $36.88.

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