Toll Brothers (TOL) Gets a Buy from Wells Fargo

In a report released today, Sam Reid from Wells Fargo maintained a Buy rating on Toll Brothers (TOL – Research Report), with a price target of $142.00. The company’s shares closed last Friday at $125.14.

According to TipRanks, Reid is a 4-star analyst with an average return of 12.2% and a 68.57% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Mohawk, and DR Horton.

In addition to Wells Fargo, Toll Brothers also received a Buy from Bank of America Securities’s Rafe Jadrosich in a report issued on April 2. However, on April 5, Citi maintained a Hold rating on Toll Brothers (NYSE: TOL).

TOL market cap is currently $13.04B and has a P/E ratio of 9.66.

Based on the recent corporate insider activity of 56 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.