Goldman Sachs Group Inc. Downgrades Toll Brothers to Neutral (TOL)
Toll Brothers (NYSE:TOL) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have a $36.50 price objective on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 17.59% from the stock’s previous close. The analysts noted that the move was a valuation call.
TOL has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Toll Brothers from $42.00 to $39.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Toll Brothers in a research note to investors on Wednesday, September 4th. They now have a $32.00 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of Toll Brothers from $44.00 to $38.00 in a research note to investors on Friday, August 23rd. They now have a “strong-buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $36.17.
Shares of Toll Brothers (NYSE:TOL) traded up 0.03% on Monday, hitting $31.05. 1,354,280 shares of the company’s stock traded hands. Toll Brothers has a 52-week low of $28.50 and a 52-week high of $39.25. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $33.16. The company has a market cap of $5.244 billion and a P/E ratio of 11.26.
Toll Brothers (NYSE:TOL) last announced its earnings results on Wednesday, August 21st. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $689.20 million for the quarter, compared to the consensus estimate of $695.82 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis.
Toll Brothers, Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.
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