Taylor Morrison Home Corp (TMHC) is Initiated by Wells Fargo to Market Perform

Taylor Morrison Home Corp (TMHC) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on Taylor Morrison Home Corp. Wedbush Initiated Taylor Morrison Home Corp on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $18.Taylor Morrison Home Corp was Downgraded by Susquehanna to ” Neutral” on Aug 4, 2016. Company shares were Reiterated by FBR Capital on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .

On the company’s financial health, Taylor Morrison Home Corp reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.33. The company had revenue of $854.32 million for the quarter, compared to analysts expectations of $795.23 million. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Taylor Morrison Home Corp opened for trading at $17.27 and hit $17.44 on the upside on Tuesday, eventually ending the session at $17.31, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 1,87,367 shares. Company has a market cap of $2,068 M.

In a different news, on Feb 10, 2016, Anne L Mariucci (director) purchased 8,925 shares at $11.27 per share price. According to the SEC, on Feb 10, 2016, Joseph Terracciano (Chief Accounting Officer) purchased 51 shares at $11.75 per share price. On Feb 10, 2016, Sheryl Palmer (CEO) purchased 7,500 shares at $11.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Taylor Morrison Home Corporation (Taylor Morrison) is a real estate development company. Its business is organized into ten homebuilding operating divisions which are aggregated into two homebuilding segments East and West and a mortgage and financial services segment Mortgage Operations. These segments are engaged in the business of acquiring and developing land constructing homes marketing and selling those homes and providing warranty and customer service. It provides residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona California Colorado Florida and Texas. It operates under the Taylor Morrison and Darling Homes brand names in the United States. It provides financial services to customers through its wholly owned mortgage subsidiary Taylor Morrison Home Funding LLC (TMHF).

Taylor Morrison Home Corp

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