RBC Capital took its Taylor Morrison Home [TMHC] rating to the equivalent of Sector Perform from Outperform, and the price target to $27.0 from $31, in a research note dated 2021-01-08. That figure represents around a 4.71% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with BTIG Research’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in late July. Meanwhile, JP Morgan had raised its rating on TMHC to “an Overweight” from the earlier “Neutral”, in a research note produced for clients June 11, 2020. In addition, there was a downgrade from JP Morgan on March 18, 2020. The rater changed TMHC from “an Overweight” to “a Neutral”.
Is Taylor Morrison Home Corporation [NYSE:TMHC] a Good Buy Right Now?
It should be noted that TMHC technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 80% Buy in the past month. Data from Taylor Morrison Home Corporation’s Trend Spotter indicated that the signals were Bullish. The stock current average is 0.93 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.1 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.11 million shares.
TMHC Price Performance
On Wall Street, Taylor Morrison Home Corporation [NYSE:TMHC] finished Thursday’s session up 3.33% at $25.78. The stock went up to $25.94 at the same session while its lowest single day price was $25.01. In the last five days, it saw a fall of about -2.46%, Taylor Morrison Home Corporation shares gained by almost 0.51% since the beginning of the year. However, the share price has dropped to as low as -9.45% below its one year high. On 01/04/21, the company shares recorded $25.96, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $23.87. The company’s shares have inclined by 10.03% in the past year. The 50-day SMA achieved is $25.25 while the 200-day SMA is $21.48. Volume dropped to 1.07 million from 1.34 million in the previous session.
Taylor Morrison Home Corporation [TMHC] Valuation Measures
Notably, Taylor Morrison Home Corporation [TMHC] stock cannot be classified as a good candidate in the listing of underestimated low-priced Residential Construction companies to purchase soonest possible with the prevailing 12-month PE ratio of 15.84. The measure means the stock is exchanging at a premium as compared to the 11.83x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.57 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.86 which means TMHC serve an unattractive investment opportunity compared to its competitors.
TMHC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 25.21 level, and in case of violation of this particular level, it will cause more drop to 24.65 level. On the upper level, 26.51 is still the key resistance. The stock may increase to the subsequent resistance at 26.14. The Relative Strength Index (RSI) pinned on the 14-day chart is 49.93, implying a neutral technical stance while the MACD stands at -1.10, meaning price will decrease in the next trading period. Percent R indicator moved to 56.98%, implying low price movement. Stochastic %K at 26.22% suggest selling the stock.
What is the short interest in Taylor Morrison Home Corporation?
Short interest in the Taylor Morrison Home Corporation stock has plunged, decreasing by -0.14 million shares to total 3.99 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.85 million, data from Yahoo Finance shows. The increase of 3.51% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.28% of the overall float for the stock.
Taylor Morrison Home Corporation’s Biggest Shareholders: Who Owns Taylor Morrison Home Corporation [TMHC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 14,422,076 shares or roughly 11.10% of the outstanding TMHC shares. This means their shares have reduced by -85,365 from the 14,422,076 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $290,248,983. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -8.79% stake valued at $270,267,039 while Dimensional Fund Advisors LP cut theirs at $228,954,589. During the last quarter, The Vanguard Group, Inc. liquidated -1,030,061 of its shares in Taylor Morrison Home Corporation while Dimensional Fund Advisors LP sold -349,308 shares. The Donald Smith & Co., Inc.’s holdings currently number 5,703,042 shares at $147024422.76. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 4,790,756 shares, roughly $121,110,312.
TMHC Earnings Forecast For The Current Quarter
Taylor Morrison Home Corporation [TMHC] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.44B and an earnings per share of $0.82 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.46B at an EPS of $0.71 for Mar 2021. The estimates represent upside of 20.40% and 100.50% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TMHC Earnings Estimates For The Current Year
For the financial year, Taylor Morrison Home Corporation [NYSE:TMHC] is expected to bring in revenue of $5.82B. The returns are nearly $1.2 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.99, lower than that of FY19 by -$0.36. Estimates put this year’s earnings growth at -15.30%, 99.50% for the next, and at an annual 19.10% over the next 5-year period. As for sales, forecasts are for an increase of 25.80% in the current fiscal year and a further 20.40% over the following year.