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Investment analysts at RBC Capital cut their target price on shares of Toll Brothers (NYSE:TOL) from $42.00 to $40.00 in a note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target indicates a potential upside of 9.89% from the stock’s previous close.

A number of other firms have also recently commented on TOL. Analysts at Barclays raised their price target on shares of Toll Brothers from $40.00 to $41.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Toll Brothers in a research note on Thursday, April 17th. They now have a $37.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten 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 target price of $39.57.

Shares of Toll Brothers (NYSE:TOL) opened at 36.40 on Friday. 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 $34.6 and its 200-day moving average is $35.5. The company has a market cap of $6.468 billion and a P/E ratio of 30.94.

Toll Brothers (NYSE:TOL) last announced its earnings results on Wednesday, May 28th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.09. The company had revenue of $860.40 million for the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 66.7% on a year-over-year basis. Analysts expect that Toll Brothers will post $1.69 EPS for the current fiscal year.

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

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