Royal Bank of Canada Analysts Give Toll Brothers (TOL) a $37.00 Price Target

Royal Bank of Canada set a $37.00 price objective on Toll Brothers (NYSE:TOL) in a research note published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the construction company’s stock.

Several other brokerages have also commented on TOL. Zacks Investment Research raised Toll Brothers from a sell rating to a hold rating in a research report on Wednesday, May 15th. Zelman & Associates raised Toll Brothers from a hold rating to a buy rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. lowered Toll Brothers from a neutral rating to an underweight rating and lowered their price objective for the company from $33.00 to $32.00 in a research report on Thursday, March 7th. ValuEngine raised Toll Brothers from a sell rating to a hold rating in a research report on Wednesday, May 15th. Finally, Raymond James set a $40.00 price objective on Toll Brothers and gave the company a buy rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $36.82.

Shares of Toll Brothers stock opened at $36.31 on Thursday. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.01 and a beta of 1.01. Toll Brothers has a 12 month low of $28.68 and a 12 month high of $41.33.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.54 billion. Toll Brothers had a return on equity of 15.79% and a net margin of 10.01%. During the same quarter last year, the firm posted $0.72 earnings per share. Sell-side analysts anticipate that Toll Brothers will post 4.37 EPS for the current year.

In other news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $37.18, for a total value of $371,800.00. Following the completion of the transaction, the president now owns 76,461 shares of the company’s stock, valued at approximately $2,842,819.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 4,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $38.94, for a total value of $155,760.00. Following the completion of the transaction, the chief financial officer now directly owns 72,504 shares of the company’s stock, valued at approximately $2,823,305.76. The disclosure for this sale can be found here. 9.69% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Toll Brothers by 4.7% in the 1st quarter. BlackRock Inc. now owns 15,078,392 shares of the construction company’s stock worth $545,837,000 after buying an additional 673,868 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Toll Brothers by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,732,943 shares of the construction company’s stock worth $171,337,000 after buying an additional 42,958 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Toll Brothers by 259.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,688,545 shares of the construction company’s stock worth $154,394,000 after buying an additional 3,384,353 shares in the last quarter. Boston Partners bought a new stake in Toll Brothers in the 4th quarter worth about $116,690,000. Finally, Thrivent Financial for Lutherans increased its holdings in Toll Brothers by 24.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,362,466 shares of the construction company’s stock worth $77,796,000 after buying an additional 457,901 shares in the last quarter. Institutional investors own 79.12% of the company’s stock.

About Toll Brothers

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

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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