RBC Capital analyst Michael Dahl maintains $Taylor Morrison Home (TMHC.US)$ with a buy rating, and adjusts the target price from $74 to $77.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 8.0% 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 distinguished itself from other builders with results that showcased margin resilience and a limited need for incentives.
The company showcased robust outperformance this quarter, continuing a strong gross margin trajectory into FY25, while order resilience is also noted. Despite the broader housing market facing risks due to increasing rates and ongoing affordability challenges, the company is perceived to be operating from a position of relative strength, which is expected to draw more investor interest.
Taylor Morrison's third-quarter earnings surpassed expectations, supported by improved gross margins, a slight reduction in SG&A/sales, a more favorable tax rate, and increased deliveries, which were somewhat balanced by a decline in average selling prices. For the fourth quarter, while deliveries and selling prices are anticipated to be slightly below earlier projections, margins are expected to be better, and the tax rate is predicted to remain advantageous.
Note:
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