Do Analysts Think Toll Brothers Inc. (TOL) Is Still Worth Buying In 2024?

Toll Brothers Inc. (NYSE:TOL) does about 1.44M shares in volume on a normal day but saw 1449477 shares change hands in Tuesday trading. The company now has a market cap of 12.94B USD. Its current market price is $124.19, marking a decrease of -3.01% compared to the previous close of $128.04. The 52 week high reached by this stock is $130.63 whilst the lowest price level in 52 weeks is $57.09.

Toll Brothers Inc. (TOL) has a 20-day trading average at $122.80 and the current price is -4.93% off the 52-week high compared with 117.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $111.60 and its 200-day simple moving average is $89.77. If we look at the stock’s price movements over the week, volatility stands at 2.15%, which increases to 2.46% 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 58.76 to suggest the stock is neutral.

The consensus objective for the share price is $125.68, suggesting that the stock has a potential upside of 1.19% over the period.

Wolfe Research upgraded the stock to “Outperform” from Peer Perform on January 08, 2024 at a price target of $118. Seaport Research Partners upgraded its price target at $93.

Toll Brothers Inc. (TOL) stock is down -1.22% over the week and 6.22% over the past month. Its price is 20.82% year-to-date and 111.42% over the past year.

To reach the target analysts have set, the stock logically needs to grow 1.19 percent from here.

Outstanding shares total 103.79M with insiders holding 1.14% of the shares and institutional holders owning 94.83% of the company’s common stock. The company has a return on investment of 14.58% and return on equity of 21.48%. The price to earnings ratio (P/E ratio) amounts to 9.59 while the forward price to earnings ratio is 9.10. The beta has a value of 1.66. Price to book ratio is 1.85 and price to sales ratio is 1.27.