In a report issued on April 29, Carl Reichardt from BTIG maintained a Buy rating on Taylor Morrison (TMHC), with a price target of $42.00. The company’s shares closed last Friday at $31.21, close to its 52-week high of $33.06.
According to TipRanks.com, Reichardt is a 4-star analyst with an average return of 14.2% and a 60.0% success rate. Reichardt covers the Consumer Goods sector, focusing on stocks such as Toll Brothers, PulteGroup, and DR Horton.
Currently, the analyst consensus on Taylor Morrison is a Moderate Buy with an average price target of $39.00, representing a 22.7% upside. In a report issued on April 30, Barclays also maintained a Buy rating on the stock with a $40.00 price target.
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The company has a one-year high of $33.06 and a one-year low of $12.80. Currently, Taylor Morrison has an average volume of 1.06M.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TMHC in relation to earlier this year. Most recently, in March 2021, David Cone, the EVP & CFO of TMHC sold 34,153 shares for a total of $1,059,426.
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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions. The Central segment consists of Austin, Dallas, Denver, and Houston. The West segment covers Bay Area, Phoenix, Sacramento, and Southern California. The Financial Services segment provides a number of finance-related services through mortgage lending operations. The company was founded on November 15, 2012 and is headquartered in Scottsdale, AZ.