Taylor Morrison Home: Fairly Priced As Momentum Builds For 2025 [Seeking Alpha]
Taylor Morrison Home Corporation (TMHC)
Last taylor morrison home corporation earnings: 2/5 06:55 am
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US:NYSE Investor Relations:
investors.taylormorrison.com
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Source: Seeking Alpha
The company's guidance for 2024 shows modest growth in home closings and a shift towards more affordable homes. Until evidence supports guidance for strong growth in 2025, TMHC stock looks fairly priced. A year ago, I made the case for home builder Taylor Morrison Home Corporation ( NYSE: TMHC ) but waffled on the rating (with a hold) because, at the time, a nascent breakout to all-time highs looked ready for a rest. The breakout soon continued. While TMHC eventually pulled back and tested the breakout point, the stock never looked back from that important test of technical support. The net result is now a stock up around 54%. Yet, the rally was mostly about bouncing away from an extremely low valuation as TMHC's financial performance unfolded as expected. TMHC is now at a 10+ year high based on price/sales. Price/book has gone from recession pricing around 0.85 to a more reasonable, but still low 1.2. Thus, while the technicals look great for a breakout and momentum buy, I sti
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News
- Are Investors Undervaluing Taylor Morrison Home (TMHC) Right Now? [Yahoo! Finance]Yahoo! Finance
- Taylor Morrison Home Co. (NYSE: TMHC) had its price target raised by analysts at Royal Bank of Canada from $61.00 to $63.00. They now have an "outperform" rating on the stock.MarketBeat
- Taylor Morrison Home Corporation (NYSE:TMHC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Taylor Morrison Home Co. (NYSE: TMHC) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $55.00 price target on the stock.MarketBeat
- Taylor Morrison Reports First Quarter 2024 ResultsPR Newswire