Toll Brothers (NYSE:TOL) was downgraded by equities researchers at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, Marketbeat reports. They presently have a $37.00 price target on the construction company’s stock. Royal Bank of Canada’s target price points to a potential upside of 11.65% from the stock’s current price.
A number of other brokerages also recently weighed in on TOL. Bank of America boosted their price target on Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Raymond James reissued a “buy” rating and set a $44.00 price target (down previously from $50.00) on shares of Toll Brothers in a research report on Thursday, August 23rd. Barclays lowered their price target on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, December 3rd. Finally, ValuEngine raised Toll Brothers from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Toll Brothers presently has a consensus rating of “Hold” and an average price target of $45.06.
Shares of NYSE TOL opened at $33.14 on Thursday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 6.83. Toll Brothers has a twelve month low of $28.68 and a twelve month high of $52.73.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.25. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.35 billion. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, analysts anticipate that Toll Brothers will post 5.11 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $119,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Toll Brothers by 186.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after purchasing an additional 2,800 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Toll Brothers in the second quarter valued at approximately $201,000. Quantum Capital Management acquired a new position in shares of Toll Brothers in the second quarter valued at approximately $239,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $231,000. 83.90% of the stock is currently owned by institutional investors.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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