At the time of writing, Taylor Morrison Home Corp. [TMHC] stock is trading at $61.76, up 2.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The TMHC shares have gain 3.16% over the last week, with a monthly amount drifted -4.05%, and not 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 July 24, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $75. Previously, Seaport Research Partners downgraded its rating to Neutral on January 22, 2024. On January 12, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $57 on the stock. Wedbush downgraded its rating to a Neutral but stick to its price target of $52 on December 18, 2023. Deutsche Bank upgraded its rating to a Buy and raised its price target to $57 on December 08, 2023. Seaport Research Partners upgraded its rating to Buy for this stock on November 02, 2023, but kept the price target unchanged to $50. In a note dated June 14, 2023, Seaport Research Partners initiated an Neutral rating.
For the past year, the stock price of Taylor Morrison Home Corp. fluctuated between $37.23 and $69.62. 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 $61.76 at the most recent close of the market. An investor can expect a potential drop of -1.64% based on the average TMHC price forecast.
Analyzing the TMHC fundamentals
According to Taylor Morrison Home Corp. [NYSE:TMHC], the company’s sales were 7.39B for trailing twelve months, which represents an -3.37% plunge. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 60.70 points at the first support level, and at 59.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.34, and for the 2nd resistance point, it is at 62.93.
Ratios To Look Out For
It is important to note that Taylor Morrison Home Corp. [NYSE:TMHC] has a current ratio of 6.03. On the other hand, the Quick Ratio is 0.64, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 9.16.
Transactions by insiders
Recent insider trading involved LYON WILLIAM H, Director, that happened on Jul 26 ’24 when 28259.0 shares were sold. Director, LYON WILLIAM H completed a deal on Jul 29 ’24 to sell 1741.0 shares. Meanwhile, Director LYON WILLIAM H sold 30000.0 shares on Jul 18 ’24.
