Guggenheim Raises Toll Brothers to Buy (TOL)

By admin | 6 years ago

Toll Brothers (NYSE: TOL) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $34.00 target price on the stock.

Toll Brothers traded up 2.69% on Monday, hitting $27.50. Toll Brothers has a 1-year low of $13.16 and a 1-year high of $27.74. The company has a market cap of $4.585 billion and a price-to-earnings ratio of 133.23.

Toll Brothers last released its earnings data on Wednesday, February 22nd. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.04. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Toll Brothers will post $0.14 EPS next quarter.

A number of other firms have also recently commented on TOL. Analysts at Deutsche Bank (NYSE: DB) upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 19th. They now have a $30.00 price target on the stock. Separately, analysts at Susquehanna downgraded shares of Toll Brothers from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, April 18th. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of Toll Brothers from a “market perform” rating to a “strong-buy” rating in a research note to investors on Monday, April 16th.

Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.

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