Toll Brothers (TOL) Price Target Cut to $46.00

Toll Brothers (NYSE:TOL) had its target price reduced by investment analysts at Credit Suisse Group from $53.00 to $46.00 in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the construction company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 14.89% from the stock’s previous close.

A number of other research firms have also weighed in on TOL. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Toll Brothers in a research note on Wednesday, January 24th. ValuEngine raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, February 6th. Mizuho set a $54.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Barclays set a $39.00 price objective on shares of Toll Brothers and gave the stock an “underweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.50.

Shares of TOL opened at $40.04 on Wednesday. The firm has a market cap of $6.07 billion, a PE ratio of 12.63, a P/E/G ratio of 0.67 and a beta of 1.39. Toll Brothers has a 12-month low of $36.55 and a 12-month high of $52.73. The company has a quick ratio of 0.89, a current ratio of 6.97 and a debt-to-equity ratio of 0.81.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.04). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Toll Brothers had a net margin of 9.27% and a return on equity of 12.50%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. analysts predict that Toll Brothers will post 4.26 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Aperio Group LLC raised its holdings in Toll Brothers by 2.2% in the first quarter. Aperio Group LLC now owns 57,770 shares of the construction company’s stock worth $2,499,000 after purchasing an additional 1,264 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Toll Brothers by 12.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock worth $666,000 after purchasing an additional 1,493 shares in the last quarter. Timber Hill LLC raised its holdings in Toll Brothers by 21.5% in the fourth quarter. Timber Hill LLC now owns 8,710 shares of the construction company’s stock worth $418,000 after purchasing an additional 1,540 shares in the last quarter. Bessemer Group Inc. raised its holdings in Toll Brothers by 202.5% in the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in Toll Brothers by 3.1% in the fourth quarter. Glenmede Trust Co. NA now owns 57,814 shares of the construction company’s stock worth $2,775,000 after purchasing an additional 1,732 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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