Will Today’s Barclays Downgrade Ultimately Hurt The Stock Price of Taylor Morrison Home (NYSE:TMHC)?

September 15, 2018 - By Jason Grubb

Taylor Morrison Home Corporation (NYSE:TMHC) Logo

Investors sentiment decreased to 1.07 in Q2 2018. Its down 0.77, from 1.84 in 2018Q1. It dropped, as 29 investors sold Taylor Morrison Home Corporation shares while 52 reduced holdings. 30 funds opened positions while 57 raised stakes. 109.83 million shares or 2.33% more from 107.33 million shares in 2018Q1 were reported.

Acadian Asset Mngmt Lc reported 43,580 shares stake. Teacher Retirement Sys Of Texas holds 0% or 22,582 shares. Dimensional Fund L P invested in 0.07% or 8.01 million shares. Parametric Portfolio Associate Ltd Liability stated it has 0% in Taylor Morrison Home Corporation (NYSE:TMHC). Piermont Management invested 0.96% in Taylor Morrison Home Corporation (NYSE:TMHC). Northcoast Asset Mgmt Lc holds 0.17% in Taylor Morrison Home Corporation (NYSE:TMHC) or 85,479 shares. Soros Fund Mgmt Ltd Liability holds 0.26% or 782,039 shares. Strs Ohio has invested 0% in Taylor Morrison Home Corporation (NYSE:TMHC). Aegis stated it has 96,852 shares or 2.81% of all its holdings. Tiaa Cref Mgmt Limited Liability holds 0.01% or 694,157 shares. Victory Cap Management reported 15,157 shares or 0% of all its holdings. 8.54 million are held by Donald Smith & Company. Franklin Resources holds 1.10 million shares or 0.01% of its portfolio. First Mercantile, a Tennessee-based fund reported 7,570 shares. Barrow Hanley Mewhinney Strauss Limited Company has 0.01% invested in Taylor Morrison Home Corporation (NYSE:TMHC).

Taylor Morrison Home (NYSE:TMHC) Receives a Downgrade

In a note released on Friday morning, research professionals at Barclays’s equities division downgraded shares of Taylor Morrison Home (NYSE:TMHC) stock from their previous Equal-Weight rating to a Underweight. They now have a $20 target price per share on TMHC or a 2.51 % upside.

Taylor Morrison Home Corporation (NYSE:TMHC) Ratings Coverage

Among 5 analysts covering Taylor Morrison Home (NYSE:TMHC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Taylor Morrison Home has $33.5000 highest and $24 lowest target. $28.30’s average target is 45.05% above currents $19.51 stock price. Taylor Morrison Home had 5 analyst reports since March 26, 2018 according to SRatingsIntel. Wells Fargo maintained the stock with “Buy” rating in Friday, June 8 report. The firm has “Positive” rating given on Thursday, August 2 by Susquehanna. The stock has “Hold” rating by FBR Capital on Thursday, June 7. JMP Securities maintained the shares of TMHC in report on Thursday, August 2 with “Market Outperform” rating. Barclays Capital maintained Taylor Morrison Home Corporation (NYSE:TMHC) rating on Monday, March 26. Barclays Capital has “Equal-Weight” rating and $25 target.

The stock increased 0.15% or $0.03 during the last trading session, reaching $19.51. About 1.31 million shares traded or 11.53% up from the average. Taylor Morrison Home Corporation (NYSE:TMHC) has declined 6.86% since September 15, 2017 and is downtrending. It has underperformed by 22.48% the S&P500.

Analysts await Taylor Morrison Home Corporation (NYSE:TMHC) to report earnings on November, 7. They expect $0.63 earnings per share, up 40.00 % or $0.18 from last year’s $0.45 per share. TMHC’s profit will be $70.72 million for 7.74 P/E if the $0.63 EPS becomes a reality. After $0.52 actual earnings per share reported by Taylor Morrison Home Corporation for the previous quarter, Wall Street now forecasts 21.15 % EPS growth.

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company has market cap of $2.19 billion. The firm designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master planned communities. It has a 17.01 P/E ratio. It operates under the Taylor Morrison and Darling Homes brands in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

Another recent and important Taylor Morrison Home Corporation (NYSE:TMHC) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” on September 14, 2018.

Taylor Morrison Home Corporation (NYSE:TMHC) Institutional Positions Chart

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