KBW analyst Jade Rahmani maintained a Buy rating on Toll Brothers (TOL – Research Report) yesterday and set a price target of $135.00. The company’s shares closed yesterday at $111.32.
Rahmani covers the Real Estate sector, focusing on stocks such as Ladder Capital, Apollo Real Estate, and CBRE Group. According to TipRanks, Rahmani has an average return of 17.1% and a 77.02% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toll Brothers with a $117.63 average price target, which is a 5.67% upside from current levels. In a report released on February 23, J.P. Morgan also maintained a Buy rating on the stock with a $128.00 price target.
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TOL market cap is currently $11.61B and has a P/E ratio of 8.60.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TOL in relation to earlier this year. Most recently, in December 2023, Douglas C. Yearley, the CEO of TOL sold 40,000.00 shares for a total of $4,201,567.68.
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Toll Brothers (TOL) Company Description:
Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers. The City Living segment builds and sells homes in urban infill markets through Toll Brothers City Living. The company was founded by Robert I. Toll and Bruce E. Toll in May 1986 and is headquartered in Horsham, PA.
Read More on TOL:
- Toll Brothers New Luxury Home Community, Merion Grove, Coming Soon to Queen Creek, Arizona
- Toll Brothers Announces New Luxury Home Community Coming Soon to the Florida Panhandle
- Toll Brothers price target raised to $115 from $95 at Barclays
- Toll Brothers Announces New 55+ Luxury Home Community Coming Soon to Indian Land, South Carolina
- Toll Brothers price target raised to $122 from $115 at RBC Capital
