Stock analysts at RBC Capital lifted their price objective on shares of Toll Brothers (NYSE:TOL) from $30.00 to $35.00 in a report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 4.98% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee raised their price target on shares of Toll Brothers from $25.00 to $28.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “buy” rating on shares of Toll Brothers in a research note to investors on Friday, November 8th. They now have a $39.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Toll Brothers from $33.00 to $35.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.08.
Toll Brothers (NYSE:TOL) opened at 33.34 on Wednesday. Toll Brothers has a 52-week low of $29.64 and a 52-week high of $39.25. The stock’s 50-day moving average is $33.2 and its 200-day moving average is $32.5. The company has a market cap of $5.631 billion and a P/E ratio of 12.10. Toll Brothers also saw some unusual options trading on Monday. Stock traders bought 16,639 call options on the company. This is an increase of approximately 511% compared to the typical volume of 2,723 call options.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.13. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $981.62 million. During the same quarter in the prior year, the company posted $2.35 earnings per share. The company’s quarterly revenue was up 65.1% on a year-over-year basis. Analysts expect that Toll Brothers will post $0.85 EPS for the current fiscal year.
Toll Brothers, Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.
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