At the time of writing, Taylor Morrison Home Corp. [TMHC] stock is trading at $68.80, up 0.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The TMHC shares have gain 7.43% over the last week, with a monthly amount glided 11.40%, 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 August 19, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $78 for it. Previously, Raymond James started tracking the stock with Outperform rating on July 24, 2024, and set its price target to $75. On January 22, 2024, downgrade downgraded it’s rating to Neutral. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $57 on January 12, 2024. Wedbush downgraded its rating to a Neutral but $52 remained the price target by the analyst firm on December 18, 2023. Deutsche Bank upgraded its rating to Buy for this stock on December 08, 2023, and upped its price target to $57. In a note dated November 02, 2023, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $50.
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 $64.2 within the next 12 months. Taylor Morrison Home Corp. [NYSE: TMHC] shares were valued at $68.80 at the most recent close of the market. An investor can expect a potential drop of -6.69% 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 67.76 points at the first support level, and at 66.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.81, and for the 2nd resistance point, it is at 70.81.
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 0.97, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 10.21.
Transactions by insiders
Recent insider trading involved Yip Christopher J., Director, that happened on Sep 12 ’24 when 4700.0 shares were sold. Director, Yip Christopher J. completed a deal on Sep 12 ’24 to buy 4700.0 shares. Meanwhile, Director LYON WILLIAM H sold 28259.0 shares on Jul 26 ’24.
