In a report released today, Michael Shlisky from Colliers Securities maintained a Hold rating on The Toro Company (TTC). The company’s shares closed last Thursday at $106.19.
According to TipRanks.com, Shlisky is a 4-star analyst with an average return of 20.5% and a 49.2% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Manitex International, and Alta Equipment Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Toro Company with a $116.00 average price target, which is a 5.9% upside from current levels. In a report issued on May 25, Raymond James also reiterated a Hold rating on the stock.
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The company has a one-year high of $118.13 and a one-year low of $63.07. Currently, The Toro Company has an average volume of 503K.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTC in relation to earlier this year.
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The Toro Co. designs, manufactures, and markets a range of turf equipment. It operates through the following segments: Professional and Residential. The Professional segment consists of turf & landscape equipment; rental, specialty, and underground construction equipment; snow & ice management equipment; and irrigation products. The Residential segment consists of walk power mowers, riding mowers, snow throwers, replacement parts, and home solutions products, including trimmers, blowers, blower-vacuums, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914 and is headquartered in Bloomington, MN.
