Citigroup Issues Pessimistic Forecast for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective dropped by analysts at Citigroup from $147.00 to $141.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup’s target price would suggest a potential upside of 1.34% from the company’s current price.

Several other equities research analysts have also issued reports on TOL. UBS Group lowered their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Royal Bank Of Canada decreased their price objective on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company upped their target price on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, BTIG Research assumed coverage on Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.36.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $139.13 on Thursday. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 4.38. The stock has a 50 day moving average price of $134.80 and a 200-day moving average price of $128.41. Toll Brothers has a one year low of $86.67 and a one year high of $149.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS. Equities analysts expect that Toll Brothers will post 13.83 EPS for the current year.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently modified their holdings of TOL. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers during the third quarter valued at $28,000. Abich Financial Wealth Management LLC purchased a new stake in Toll Brothers in the third quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers during the 3rd quarter worth about $29,000. Finally, Smithfield Trust Co raised its stake in shares of Toll Brothers by 136.4% during the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after buying an additional 150 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

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.