Credit Suisse Reiterates “Neutral” Rating for Toll Brothers (TOL)
Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Friday. They currently have a $38.00 price objective on the stock, down from their previous price objective of $39.00. Credit Suisse’s price objective would indicate a potential upside of 12.73% from the stock’s previous close.
A number of other firms have also recently commented on TOL. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Toll Brothers in a research note on Thursday. They now have a $34.00 price target on the stock, down previously from $34.50. Separately, analysts at Barclays cut their price target on shares of Toll Brothers from $45.00 to $41.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Toll Brothers from $41.00 to $45.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $39.11.
Shares of Toll Brothers (NYSE:TOL) traded up 0.50% on Friday, hitting $33.88. 324,299 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 has a 50-day moving average of $34.31 and a 200-day moving average of $35.65. The company has a market cap of $6.038 billion and a P/E ratio of 20.28.
Toll Brothers (NYSE:TOL) last released its earnings data on Wednesday, September 3rd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $986.87 million. During the same quarter last year, the company posted $0.26 earnings per share. Toll Brothers’s revenue was up 53.4% compared to the same quarter last year. Analysts expect that Toll Brothers will post $1.81 EPS for the current fiscal year.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.