That’s why I Feel Comfortable With Taylor Morrison Home Corp.’s (TMHC) Future

A share price of Taylor Morrison Home Corp. [TMHC] is currently trading at $64.37, down -1.41%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TMHC shares have gain 16.68% over the last week, with a monthly amount glided 16.00%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Taylor Morrison Home Corp. [NYSE: TMHC] stock has seen the most recent analyst activity on January 22, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, RBC Capital Mkts upgraded its rating to Outperform on January 12, 2024, and elevated its price target to $57. On December 18, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $52 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $57 on December 08, 2023. Seaport Research Partners upgraded its rating to a Buy but $50 remained the price target by the analyst firm on November 02, 2023. In a note dated June 01, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $50 on this stock.

Taylor Morrison Home Corp. experienced fluctuations in its stock price throughout the past year between $37.23 and $65.53. Currently, Wall Street analysts expect the stock to reach $60.75 within the next 12 months. Taylor Morrison Home Corp. [NYSE: TMHC] shares were valued at $64.37 at the most recent close of the market. An investor can expect a potential drop of -5.62% based on the average TMHC price forecast.

Analyzing the TMHC fundamentals

Trailing Twelve Months sales for Taylor Morrison Home Corp. [NYSE:TMHC] were 7.46B which represents 2.28% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.15 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.89 points at the first support level, and at 63.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.18, and for the 2nd resistance point, it is at 65.98.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Taylor Morrison Home Corp. [NYSE:TMHC] is 6.13. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 9.20.

Transactions by insiders

Recent insider trading involved LYON WILLIAM H, Director, that happened on Jul 16 ’24 when 30000.0 shares were sold. Chairman, President and CEO, Palmer Sheryl completed a deal on May 15 ’24 to sell 100000.0 shares. Meanwhile, Director LYON WILLIAM H sold 0.15 million shares on Mar 28 ’24.

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