Toll Brothers Inc (NYSE:TOL) Rating Reconfirmed
In analysts report revealed to investors on Monday, 1 January, Toll Brothers Inc (NYSE:TOL) stock had its Neutral Rating maintained by investment analysts at Wedbush. They currently have a $47.00 TP on company. Wedbush’s target would indicate a potential upside of 62.18 % from the company’s last stock close.
Out of 17 brokers covering Toll Brothers Inc., 12 rate it a Buy, 9 indicate a Hold while 0 suggest a Sell. The highest target is $42 and the lowest is $29 according to Thomson/First Call. The 12-month mean target is $35.65, which means downside potential of 26.01% over the current price.
Trinity Street Asset Management Llp had the most significant stake with ownership of 1.35 million shares as of Q2 2015 for 6.99% of the long stock exposure. Covalent Partners Llc is another notably bullish fund who is having 564,817 shares of Toll Brothers Inc. or 6.58% of their long stock exposure. Further, Dudley & Shanley Llc have 5.76% of their long stock exposure invested in the company for 839,210 shares. The New York-based fund Element Capital Management Llc revealed it had bought so far a stake worth about 5.06% of the fund’s stock portfolio in Toll Brothers Inc.. The New York-based fund Mark Asset Management Corp is also positive about the stock, possessing 1.01 million shares or 4.54% of their long stock exposure.
Toll Brothers Inc (NYSE:TOL) Profile
Toll Brothers, Inc. is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
Toll Brothers Inc (NYSE:TOL) traded down -0.45% on 1 January, hitting $48.18. A total of 2.16 million shares of the company’s stock traded hands. This is up from average of 1.82 million shares. Toll Brothers Inc. has a 52 week low of $29.11 and a 52 week high of $48.76. The company has a market cap of $7.62 billion and a P/E ratio of 17.97.
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The post New York: Toll Brothers Inc (NYSE:TOL)’s Stock Had Its Neutral Rating Restated at Wedbush in Report Issued Today. Has $47.00 Target appeared first on Octafinance.