In a report released today, Alex Rygiel from B.Riley FBR reiterated a Buy rating on Taylor Morrison (TMHC), with a price target of $19.00. The company’s shares closed last Wednesday at $14.77.
According to TipRanks.com, Rygiel ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.7% and a 44.7% success rate. Rygiel covers the Services sector, focusing on stocks such as Select Interior Concepts, Granite Construction, and Orion Group Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Taylor Morrison with a $16.80 average price target.
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Taylor Morrison’s market cap is currently $1.91B and has a P/E ratio of 5.90. The company has a Price to Book ratio of 0.76.
Based on the recent corporate insider activity of 48 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 February 2020, Joseph Terracciano, the CAO of TMHC sold 3,259 shares for a total of $86,289.
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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.
