Finally Time To Cut Your Stake? Wells Fargo Downgrades Taylor Morrison Home (NYSE:TMHC) Shares

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Investors sentiment decreased to 0.78 in Q3 2018. Its down 0.29, from 1.07 in 2018Q2. It is negative, as 27 investors sold Taylor Morrison Home Corporation shares while 54 reduced holdings. 15 funds opened positions while 48 raised stakes. 110.51 million shares or 0.62% more from 109.83 million shares in 2018Q2 were reported.

Hanson Mcclain Inc holds 200 shares or 0% of its portfolio. Citigroup Inc holds 0% or 77 shares in its portfolio. Millennium Management Lc holds 0.12% or 5.21M shares in its portfolio. State Of Wisconsin Inv Board owns 390,000 shares. Bnp Paribas Arbitrage holds 23,398 shares or 0% of its portfolio. Deutsche State Bank Ag has invested 0.01% in Taylor Morrison Home Corporation (NYSE:TMHC). Manufacturers Life Insur Com The invested in 0% or 71,824 shares. Pictet Asset Management Ltd owns 610,791 shares or 0.02% of their US portfolio. Brandes Inv Partners L P reported 1.29 million shares. 2,602 are held by Walleye Trading Ltd Liability Co. 1.35 million are owned by Northern. Principal has invested 0.02% in Taylor Morrison Home Corporation (NYSE:TMHC). 97,648 were accumulated by Indexiq Advsr Lc. Schroder Grp Inc invested in 0% or 54,740 shares. 55,684 are held by Martingale Asset L P.

Taylor Morrison Home (NYSE:TMHC) Receives a Downgrade

In a research report issued today, Wells Fargo cut shares of Taylor Morrison Home (NYSE:TMHC) to a Market Perform rating from the previous Outperform rating.

Taylor Morrison Home Corporation (NYSE:TMHC) Ratings Coverage

Among 6 analysts covering Taylor Morrison Home (NYSE:TMHC), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Taylor Morrison Home has $30 highest and $14 lowest target. $22.17’s average target is 22.69% above currents $18.07 stock price. Taylor Morrison Home had 8 analyst reports since August 2, 2018 according to SRatingsIntel. Deutsche Bank downgraded it to “Hold” rating and $14 target in Monday, October 22 report. The rating was downgraded by Barclays Capital to “Underweight” on Friday, September 14. The firm earned “Market Perform” rating on Monday, October 8 by JMP Securities. The rating was maintained by Citigroup on Monday, October 29 with “Buy”. Wells Fargo maintained it with “Outperform” rating and $24 target in Friday, November 2 report. The stock has “Hold” rating by Deutsche Bank on Thursday, November 1. The firm earned “Market Outperform” rating on Thursday, August 2 by JMP Securities. On Thursday, August 2 the stock rating was maintained by Susquehanna with “Positive”.

The stock decreased 0.84% or $0.15 during the last trading session, reaching $18.07. About 1.54 million shares traded. Taylor Morrison Home Corporation (NYSE:TMHC) has declined 31.35% since January 14, 2018 and is downtrending. It has underperformed by 31.35% the S&P500.

Analysts await Taylor Morrison Home Corporation (NYSE:TMHC) to report earnings on February, 6. They expect $0.48 earnings per share, down 37.66 % or $0.29 from last year’s $0.77 per share. TMHC’s profit will be $56.95M for 9.41 P/E if the $0.48 EPS becomes a reality. After $0.83 actual earnings per share reported by Taylor Morrison Home Corporation for the previous quarter, Wall Street now forecasts -42.17 % negative EPS growth.

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company has market cap of $2.14 billion. The firm designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master planned communities. It has a 12.8 P/E ratio. It operates under the Taylor Morrison and Darling Homes brands in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

More notable recent Taylor Morrison Home Corporation (NYSE:TMHC) news were published by: Seekingalpha.com which released: “Taylor Morrison 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” on October 31, 2018, also Seekingalpha.com with their article: “Taylor Morrison reports holding company reorganization – Seeking Alpha” published on October 16, 2018, Benzinga.com published: “Earnings Scheduled For October 31, 2018 – Benzinga” on October 31, 2018. More interesting news about Taylor Morrison Home Corporation (NYSE:TMHC) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For January 14, 2019 – Benzinga” published on January 14, 2019 as well as Zacks.com‘s news article titled: “4 Sector ETF & Stock Picks to Bet on Ahead of Q4 Earnings – Zacks.com” with publication date: January 11, 2019.

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

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