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.
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