Toll Brothers (TOL) PT Lowered to $51.00

Toll Brothers (NYSE:TOL) had its target price reduced by equities research analysts at Deutsche Bank from $54.00 to $51.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the construction company’s stock. Deutsche Bank’s target price indicates a potential upside of 25.09% from the stock’s current price.

Several other research analysts have also issued reports on TOL. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price target on shares of Toll Brothers in a research report on Wednesday, January 24th. ValuEngine upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, February 6th. Credit Suisse Group set a $53.00 price objective on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Finally, Mizuho set a $54.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Toll Brothers presently has a consensus rating of “Buy” and a consensus price target of $51.11.

Toll Brothers stock opened at $40.77 on Thursday. The company has a current ratio of 6.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. Toll Brothers has a 1 year low of $36.55 and a 1 year high of $52.73.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.04). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Toll Brothers had a return on equity of 12.50% and a net margin of 9.27%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. sell-side analysts predict that Toll Brothers will post 4.31 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after acquiring an additional 1,600 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $120,000. CENTRAL TRUST Co acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $157,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $203,000. Finally, FCA Corp TX acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

About Toll Brothers

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.

Stock Target Advisor

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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