Taylor Morrison Home Corp. (NYSE: TMHC) Coverage Initiated at Wedbush

Analysts at Wedbush initiated coverage on Taylor Morrison Home Corp. (NYSE: TMHC) stock, starting the company at Neutral. With a rating of Neutral on the stock, Taylor Morrison Home Corp. has a 52-week high of $20.64. The one-year price target of $18.67 is higher than the opening price of $16.60, that has caused a number of other analysts to comment on the company in recent days. Price changes targets are not unusual as analysts and brokerage firms will re periodic updates after initiating coverage,.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday Taylor Morrison Home Corp. (NYSE: TMHC) shares last traded at $16.31, which represents a drop of $0.39 over the previous closing price. Opening at $16.60, they fluctuated from $16.07 and $16.73 throughout the day.

Taylor Morrison Home Corp. (NYSE: TMHC) currently has a market cap of 495.06M.

282,659 shares crossed the trading desk yesterday, 5 percent below normal, out of a total float 28,763,000. Trading volume is likely to increase in the next few days as investors often use increases in trading volume to determine substantial volume accumulation or distribution by institutional investors.

While higher trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is crucial.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these have teams of analysts that research thousands of stocks, so it is good corroboration to see them buying a stock you are considering.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

Trades for Taylor Morrison Home Corp. (NYSE: TMHC) have ranged from $10.33 – 20.64, and the stock now has a 50-day MA of $17.18 and 200-day MA of $15.47. Today’s last price is 0.21% lower than the 52 week high of $20.64.

Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors identify companies that have grown their earnings by at least 25% over a 3 year period.

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