In a report issued on May 11, Deepa Raghavan from Wells Fargo maintained a Buy rating on Toll Brothers (TOL). The company’s shares closed last Wednesday at $59.42.
According to TipRanks.com, Raghavan is a 3-star analyst with an average return of 16.8% and a 71.4% success rate. Raghavan covers the Consumer Goods sector, focusing on stocks such as Century Communities, M.D.C. Holdings, and Taylor Morrison.
The word on The Street in general, suggests a Hold analyst consensus rating for Toll Brothers with a $59.09 average price target, which is a -6.5% downside from current levels. In a report issued on April 26, Janney Montgomery also initiated coverage with a Buy rating on the stock with a $80.00 price target.
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Based on Toll Brothers’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.56 billion and net profit of $96.5 million. In comparison, last year the company earned revenue of $1.33 billion and had a net profit of $56.88 million.
Based on the recent corporate insider activity of 62 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 TOL in relation to earlier this year.
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Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers. The City Living segment builds and sells homes in urban infill markets through Toll Brothers City Living. The company was founded by Robert I. Toll and Bruce E. Toll in May 1986 and is headquartered in Horsham, PA.