Taylor Morrison Home Corporation : In an accumulation phase
| Entry price | Target | Stop-loss | Potential |
|---|
|
US$24.46 |
US$26.45 |
US$23.75 |
+8.14% |
|---|
From a horizontal accumulation phase, the timing seems good to buy shares in Taylor Morrison Home Corp and to get ahead of a break-out on the upside of the congestion area.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● With a P/E ratio at 12.86 for the current year and 11.12 for next year, earnings multiples are highly attractive compared with competitors.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● The stock is in a well-established, long-term rising trend above the technical support level at 20.19 USD
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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TAYLOR MORRISON HOME CORPORATION 
