Taylor Morrison Home's stock has wobbled recently amid economic insecurity as the pandemic grinds on, inflation rears its head and Russia continues its war in Ukraine. But with interest rates still relatively low and housing supply scarce, the homebuilder may be positioning for another run higher. On Monday, the Relative Strength (RS) Rating for Taylor Morrison stock got a lift to 71, up from 67 earlier.
The rating bump up for Taylor Morrison stock isn't a big surprise. Taylor Morrison reported a 92% jump in earnings per share last quarter. That came on the heels of a 152% year-over-year surge in EPS the prior quarter. Revenue has grown at a double-digit rate three of the past four quarters. Its stock hit an all-time high in mid-December and this year it's zigzagged higher and lower in sync with recent market volatility.
The Scottsdale, Ariz.-based company builds single family detached and attached homes, mostly on the East and West coasts.
The new 71 RS Rating means Taylor Morrison stock has outperformed 71% of all stocks, regardless of industry group. It's a good but not yet great rating. However, its other key ratings shine.
Taylor Morrison Stock Composite Strong
It has a highest-possible 99 EPS Rating, based on outstanding earnings reports. Its B- Accumulation/Distribution Rating, on an A+ to E scale, indicates that institutional investors are fairly heavy buyers of its stock. Additionally, Taylor Morrison stock has a 91 IBD Composite Rating.
The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
See How IBD Helps You Make More Money In Stocks
While it's not currently an ideal time to jump in, see if Taylor Morrison stock manages to establish and enter a buy zone in heavy volume.
Building Group Peers
The company earns the No. 2 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners and Dream Finders Homes are also among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor CAN SLIM investors watch closely is relative price strength.
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
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