BTIG analyst Carl Reichardt maintains $Taylor Morrison Home (TMHC.US)$ with a buy rating, and adjusts the target price from $78 to $86.
According to TipRanks data, the analyst has a success rate of 65.0% and a total average return of 20.4% 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 firm highlights that Taylor Morrison showcased a deviation from other builders' outcomes, backed by sustained margins with minimal reliance on discounts.
The company exhibited robust outperformance this quarter, continuing to follow a strong gross margin path into FY25, with orders also keeping steady resilience. Despite the broader housing market facing risks from rising rates and ongoing affordability challenges, the company is navigating from a relative position of strength, which is anticipated to draw more investor focus.
Taylor Morrison's Q3 earnings surpassed expectations, which was mainly due to increased gross margins, a modest reduction in SG&A/sales, a more favorable tax rate, and more robust deliveries, although somewhat balanced by a decrease in average selling prices. For Q4, the company's projections indicate deliveries and selling prices slightly below prior estimates, yet anticipate better margins and a reduced tax rate.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
