Toll Brothers Receives Consensus Rating of “Hold” from Brokerages (NYSE:TOL)
Toll Brothers (NYSE:TOL) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.11.
Toll Brothers (NYSE:TOL) traded up 0.15% during mid-day trading on Friday, hitting $33.76. The stock had a trading volume of 404,974 shares. Toll Brothers has a 52-week low of $29.64 and a 52-week 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 $6.017 billion and a price-to-earnings ratio of 20.28.
Toll Brothers (NYSE:TOL) last announced its earnings results on Wednesday, September 3rd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 53.4% on a year-over-year basis. Analysts expect that Toll Brothers will post $1.81 EPS for the current fiscal year.
A number of research firms have recently commented on TOL. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Toll Brothers in a research note on Friday. They now have a $38.00 price target on the stock, down previously from $39.00. Separately, 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. Finally, 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.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.
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