Toll Brothers Inc. (NYSE:TOL) does about 2.33M shares in volume on a normal day but saw 6548350 shares change hands in Tuesday trading. The company now has a market cap of 5.58B USD and an enterprise value of about $9.12B. Its current market price is $46.05, marking an increase of 0.81% compared to the previous close of $45.68. The 52 week high reached by this stock is $49.31 whilst the lowest price level in 52 weeks is $13.28. The script in recent trading has seen the stock touch a high of $46.54 and a low of $44.631.
Toll Brothers Inc. (TOL) has a 20-day trading average at $40.72 and the current price is -6.61% off the 52-week high compared with 246.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $36.40 and its 200-day simple moving average is $34.88. If we look at the stock’s price movements over the week, volatility stands at 3.91%, which decreases to 3.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.10 to suggest the stock is overbought.
18 analysts observing the Toll Brothers Inc. (TOL) stock have set the 12-month price targets for the company’s shares at between $27.00 and $50.00. The consensus objective for the share price is $38.23, suggesting that the stock has a potential downside of -20.46% over the period. The median price target is -19.61% away from the current levels at $38.50.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 4 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 8 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 21, 2020 when Wells Fargo reiterated the stock to “Equal Weight” and issued a price target of between $34 and $44. BTIG Research downgraded the stock to “Sell” from Neutral on July 21, 2020 at a price target of $27. Keefe Bruyette upgraded its price target at $39-$40.
The current price level is 14.30%, 27.40%, and 32.16% away from its SMA20, SMA50, and SMA200 respectively, with the TOL price moving above the 50-day SMA on August 25. Toll Brothers Inc. (TOL) stock is up 7.62% over the week and 19.21% over the past month. Its price is 16.55% year-to-date and 29.10% over the past year.
The stock last released its quarterly earnings report for quarter ended 7/30/2020, with the company’s earnings per share (EPS) of $0.9 above consensus estimates by $0.19. The company’s next earnings report is expected on 12/15/2020, with forecasts estimating quarterly EPS at $1.15 and $2.85 for whole year. TOL’s earnings per share are forecast to shrink by -29.30% this year and 26.00% over next year. Expected sales for next quarter are $1.27 billion, which analysts say will come at $6.43 billion for the current fiscal year and next year at $6.86 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.98 billion.
Its 12-month price target is $38.50. To reach the target analysts have set, the stock logically needs to shrink -20.46 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $27.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $50.00.
Outstanding shares total 128.21M with insiders holding 9.34% of the shares and institutional holders owning 95.43% of the company’s common stock. The company has a return on investment of 5.40% and return on equity of 10.00%. The price to earnings ratio (P/E ratio) amounts to 13.53 while the forward price to earnings ratio is 12.88. The beta has a value of 1.77. Price to book ratio is 1.29 and price to sales ratio is 0.79.
According to a U.S. Securities and Exchange Commission filing, American Balanced Fund has reduced its position in Toll Brothers Inc. (TOL) to 6,967,000 shares, mirroring a recent drop by -15.42%. American Balanced Fund dumped -1.27 million shares of Toll Brothers Inc. common stock bringing its total worth to about $266.14 million at the end of recent close, SEC documents show. American Balanced Fund isn’t the only investment manager who changed stakes and is followed by American Funds Insurance Series -, which sold off 0.0 shares to end up with 3,800,000 shares worth $145.16 million. Vanguard Total Stock Market Index cut their holdings by -0.07% in the company over the course of the most recent quarter. It now holds a 2.59% position in Toll Brothers Inc. thanks to 3.25 million shares amounting to $124.29 million.