Tuesday, September 22, 2020

BTIG Research lifts Taylor Morrison Home Corporation [TMHC] price estimate. Who else is bullish?

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Taylor Morrison Home Corporation [NYSE: TMHC] gained 0.13% or 0.03 points to close at $22.89 with a heavy trading volume of 1523502 shares. The company report on September 3, 2020 that Taylor Morrison Announces Net Sales Orders Increased More Than 70 Percent in August and Cash Paydown of Approximately $187 Million of Senior Notes.

Taylor Morrison Home Corporation (NYSE: TMHC), the nation’s fifth largest homebuilder, today announced its August 2020 net sales orders performance and a cash paydown of approximately $187 million of senior notes, underscoring that strong demand for housing continues despite the pandemic.

Following strong Q2 performance, which included the company’s best sales month on record, Taylor Morrison finished August with net sales orders up 74 percent year-over-year. Average sales pace per community for August was up more than 50 percent year-over-year.

It opened the trading session at $22.60, the shares rose to $23.55 and dropped to $22.35, the range by which the price of stock traded the whole day. The daily chart for TMHC points out that the company has recorded 21.69% gains over the past six months. However, it is still -258.22% lower than its most recent low trading price.

If we look at the average trading volume of 1.60M shares, TMHC reached to a volume of 1523502 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Taylor Morrison Home Corporation [TMHC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TMHC shares is $20.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TMHC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Taylor Morrison Home Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2020. The new note on the price target was released on June 11, 2020, representing the official price target for Taylor Morrison Home Corporation stock. Previously, the target price had yet another raise to $10, while JP Morgan analysts kept a Neutral rating on TMHC stock. On February 10, 2020, analysts increased their price target for TMHC shares from 29 to 33.

The Average True Range (ATR) for Taylor Morrison Home Corporation is set at 1.12, with the Price to Sales ratio for TMHC stock in the period of the last 12 months amounting to 0.57. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 4.98. Price to Free Cash Flow for TMHC in the course of the last twelve months was 5.79.

Trading performance analysis for TMHC stock

Taylor Morrison Home Corporation [TMHC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.72. With this latest performance, TMHC shares dropped by -1.08% in over the last four-week period, additionally plugging by 21.69% over the last 6 months – not to mention a drop of -4.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TMHC stock in for the last two-week period is set at 42.71, with the RSI for the last a single of trading hit 35.53, and the three-weeks RSI is set at 47.08 for Taylor Morrison Home Corporation [TMHC]. The present Moving Average for the last 50 days of trading for this stock 23.22, while it was recorded at 23.87 for the last single week of trading, and 20.29 for the last 200 days.

Taylor Morrison Home Corporation [TMHC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Taylor Morrison Home Corporation [TMHC] shares currently have an operating margin of +7.01 and a Gross Margin at +17.19. Taylor Morrison Home Corporation’s Net Margin is presently recorded at +5.35.

Return on Total Capital for TMHC is now 7.29, given the latest momentum, and Return on Invested Capital for the company is 5.57. Return on Equity for this stock inclined to 10.28, with Return on Assets sitting at 4.85. When it comes to the capital structure of this company, Taylor Morrison Home Corporation [TMHC] has a Total Debt to Total Equity ratio set at 78.14. Additionally, TMHC Total Debt to Total Capital is recorded at 43.87, with Total Debt to Total Assets ending up at 37.80. Long-Term Debt to Equity for the company is recorded at 77.75, with the Long-Term Debt to Total Capital now at 43.64.

Reflecting on the efficiency of the workforce at the company, Taylor Morrison Home Corporation [TMHC] managed to generate an average of $110,718 per employee. Receivables Turnover for the company is 60.65 with a Total Asset Turnover recorded at a value of 0.91.

Taylor Morrison Home Corporation [TMHC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Taylor Morrison Home Corporation posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at 0.65/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TMHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Taylor Morrison Home Corporation go to 5.40%.

An analysis of insider ownership at Taylor Morrison Home Corporation [TMHC]

There are presently around $2,935 million, in the hands of institutional investors. The top three institutional holders of TMHC stocks are: BLACKROCK INC. with ownership of 17,875,543, which is approximately 2.19% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 11,970,560 shares of the stock with an approximate value of $274.01 million in TMHC stocks shares; and FMR LLC, currently with $236.77 million in TMHC stock with ownership of nearly 92.728% of the company’s market capitalization.

Positions in Taylor Morrison Home Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 135 institutional holders increased their position in Taylor Morrison Home Corporation [NYSE:TMHC] by around 17,651,826 shares. Additionally, 127 investors decreased positions by around 19,843,640 shares, while 30 investors held positions by with 90,709,191 shares. The mentioned changes placed institutional holdings at 128,204,657 shares, according to the latest SEC report filing. TMHC stock had 43 new institutional investments in for a total of 2,267,811 shares, while 33 institutional investors sold positions of 3,875,881 shares during the same period.

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