Short Term Price Target on Toll Brothers (TOL)

Toll Brothers (NYSE:TOL) : The most positive equity analysts on Toll Brothers (NYSE:TOL) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $29 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $35.43 with an expected fluctuation of $5.19 from the mean.

Toll Brothers Inc. has lost 2.46% in the last five trading days and dropped 7.72% in the last 4 weeks. Toll Brothers Inc. has dropped 8.87% during the last 3-month period . Year-to-Date the stock performance stands at -19.19%. Also, Equity Analysts at the Brokerage Firm, Zelman, downgrades their rating on the shares of Toll Brothers (NYSE:TOL). Zelman has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 20, 2016.

Toll Brothers (NYSE:TOL) : 5 brokerage houses believe that Toll Brothers (NYSE:TOL) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Toll Brothers (NYSE:TOL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.

Toll Brothers (NYSE:TOL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.65 and $26.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.91, notching a gain of 1.20% for the day. The total traded volume was 4,523,415 . The stock had closed at $26.59 on the previous day.

Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.