JPMorgan Chase & Co. Lowers Toll Brothers (NYSE:TOL) Price Target to $141.00

Toll Brothers (NYSE:TOL) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $161.00 to $141.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.34% from the stock’s previous close.

TOL has been the topic of a number of other reports. Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Citigroup dropped their price target on Toll Brothers from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Bank of America cut their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.36.

Toll Brothers Trading Down 0.5%

Shares of TOL opened at $139.13 on Friday. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $149.79. The business’s fifty day moving average is $134.80 and its 200-day moving average is $128.55. 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 firm has a market cap of $13.41 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.09 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company earned $4.63 earnings per share. Toll Brothers’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Capital World Investors increased its stake in shares of Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after buying an additional 1,763,211 shares during the period. Norges Bank acquired a new stake in Toll Brothers during the 2nd quarter valued at approximately $154,782,000. AQR Capital Management LLC increased its position in Toll Brothers by 83.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after purchasing an additional 1,183,304 shares during the period. Long Pond Capital LP bought a new position in Toll Brothers during the 1st quarter worth approximately $117,870,000. Finally, Holocene Advisors LP lifted its position in shares of Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares during the period. 91.76% of the stock is owned by institutional investors.

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.