Toll Brothers Rating Reiterated by Citigroup Inc. (TOL)
Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Thursday, Stock Ratings News reports. They currently have a $37.00 target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 6.75% from the stock’s previous close.
Toll Brothers (NYSE:TOL) traded down 1.04% during mid-day trading on Thursday, hitting $34.30. 2,131,434 shares of the company’s stock traded hands. Toll Brothers has a 1-year low of $29.64 and a 1-year high of $39.95. The stock’s 50-day moving average is $36.77 and its 200-day moving average is $35.00. The company has a market cap of $6.095 billion and a price-to-earnings ratio of 29.47.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 25th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Toll Brothers will post $1.67 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Toll Brothers in a research note on Thursday, March 27th. They now have a $37.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Toll Brothers from $37.00 to $40.00 in a research note on Tuesday, March 25th. They now have an “equal weight” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Toll Brothers from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $39.00 price target on the stock, up previously from $19.40. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Toll Brothers currently has an average rating of “Hold” and an average price target of $39.34.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.
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