Bank of America Securities Sticks to Their Buy Rating for Toll Brothers (TOL)

Bank of America Securities analyst Rafe Jadrosich maintained a Buy rating on Toll Brothers (TOL – Research Report) today. The company’s shares opened today at $122.43.

According to TipRanks, Jadrosich is a 5-star analyst with an average return of 15.6% and a 62.38% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as KB Home, DR Horton, and Lennar.

Toll Brothers has an analyst consensus of Moderate Buy, with a price target consensus of $122.25, representing a -0.15% downside. In a report released on March 21, Oppenheimer also assigned a Buy rating to the stock with a $157.00 price target.

TOL market cap is currently $13.34B and has a P/E ratio of 9.89.

Based on the recent corporate insider activity of 55 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.

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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.