JPMorgan Chase & Co. Upgrades Toll Brothers (NYSE:TOL) to “Overweight”

Toll Brothers (NYSE:TOL) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a $161.00 price objective on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.84% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. BTIG Research started coverage on shares of Toll Brothers in a report on Monday. They issued a “neutral” rating on the stock. Argus raised their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $160.00 price target (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $150.21.

Toll Brothers Stock Performance

TOL opened at $138.98 on Thursday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $157.79. The business has a 50 day moving average of $135.05 and a 200-day moving average of $127.26. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.67 and a beta of 1.39.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $27,000. Ramirez Asset Management Inc. bought a new position in shares of Toll Brothers in the 3rd quarter valued at $28,000. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers in the third quarter valued at about $29,000. Finally, Smithfield Trust Co grew its position in Toll Brothers by 136.4% in the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.