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Analysts at RBC Capital hoisted their price target on shares of Toll Brothers (NYSE:TOL) from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price indicates a potential upside of 9.80% from the stock’s previous close.

Shares of Toll Brothers (NYSE:TOL) opened at 38.25 on Wednesday. Toll Brothers has a 52-week low of $29.64 and a 52-week high of $39.25. The stock has a 50-day moving average of $36.54 and a 200-day moving average of $33.76. The company has a market cap of $6.781 billion and a P/E ratio of 39.61.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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.

A number of other firms have also recently commented on TOL. 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. Separately, 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. Finally, analysts at Barclays downgraded shares of Toll Brothers from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 27th. They now have a $38.00 price target on the stock, up previously from $37.00. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Toll Brothers has a consensus rating of “Hold” and a consensus price target of $37.71.

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

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