Toll Brothers (TOL) : 11 analysts are covering Toll Brothers (TOL) and their average rating on the stock is 2.09, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Toll Brothers (TOL) : The most positive equity analysts on Toll Brothers (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 (NYSE:TOL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.29 and $26.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.08, notching a gain of 2.42% for the day. The total traded volume was 2,716,527 . The stock had closed at $26.44 on the previous day.
Also, In the latest statement by the brokerage house, Zelman downgrades its outlook on Toll Brothers (NYSE:TOL). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 20, 2016. The company shares have dropped -30.89% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $42.19 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.86 and the 200 Day Moving Average price is recorded at $28.34.
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.