Wedbush analyst Jay McCanless maintains $Taylor Morrison Home (TMHC.US)$ with a hold rating, and adjusts the target price from $61 to $65.
According to TipRanks data, the analyst has a success rate of 70.3% and a total average return of 21.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Taylor Morrison Home (TMHC.US)$'s main analysts recently are as follows:
The company exhibited a variance in performance compared to other builders, bolstered by the persistence of margins which benefited from the application of fewer incentives.
The recent earnings surpass for Taylor Morrison was facilitated by increased gross margins, a modest reduction in SG&A/sales, a more favorable tax rate, and robust deliveries, although this was somewhat counterbalanced by a reduction in average selling prices. Looking ahead to Q4, the company anticipates deliveries and selling prices to be somewhat below earlier projections, yet margins are expected to improve alongside a more advantageous tax rate.
Note:
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