RBC Capital analyst Michael Dahl maintained a Hold rating on Toll Brothers (TOL – Research Report) on June 22 and set a price target of $48.00. The company’s shares closed last Friday at $45.01, close to its 52-week low of $40.20.
According to TipRanks.com, Dahl is a 4-star analyst with an average return of 5.2% and a 53.2% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion, Taylor Morrison, and Tri Pointe.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toll Brothers with a $57.59 average price target, a 28.3% upside from current levels. In a report issued on June 17, Wells Fargo also downgraded the stock to Hold with a $48.00 price target.
Based on Toll Brothers’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.28 billion and net profit of $221 million. In comparison, last year the company earned revenue of $1.93 billion and had a net profit of $128 million.
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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.
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