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Toll Brothers (NYSE:TOL) was downgraded by research analysts at Compass Point to a “market perform” rating in a report released on Wednesday, Stock Ratings Network reports. They currently have a $35.00 price target on the stock, up from their previous price target of $31.00. Compass Point’s price objective would indicate a potential downside of 8.50% from the stock’s previous close.

Toll Brothers (NYSE:TOL) traded up 1.70% on Wednesday, hitting $38.90. 7,102,602 shares of the company’s stock traded hands. Toll Brothers has a one year low of $29.64 and a one year high of $39.25. The stock’s 50-day moving average is $36.54 and its 200-day moving average is $33.76. The company has a market cap of $6.896 billion and a price-to-earnings ratio of 39.51.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.07. The company had revenue of $643.70 million for the quarter, compared to the consensus estimate of $643.92 million. Analysts expect that Toll Brothers will post $1.61 EPS for the current fiscal year.

TOL has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Toll Brothers from $40.00 to $42.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a $42.00 price target on the stock, up previously from $40.00. Finally, analysts at Ned Davis Research upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Toll Brothers presently has a consensus rating of “Hold” and a consensus price target of $37.96.

Toll Brothers, Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.

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