RBC Capital Keeps a Buy Rating on Toll Brothers

By Jason Carr

In a report released yesterday, Robert Wetenhall from RBC Capital reiterated a Buy rating on Toll Brothers (NYSE: TOL), with a price target of $45. The company’s shares closed yesterday at $47.05, close to its 52-week high of $47.10.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 18.3% and a 82.4% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

Currently, the analyst consensus on Toll Brothers is Moderate Buy and the average price target is $47, representing a -0.1% downside.

In a report issued on November 2, KeyBanc also upgraded the stock to Buy with a $52 price target.

Toll Brothers’ market cap is currently $7.62B and has a P/E ratio of 17.49. The company has a book value ratio of 1.6821.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Shapiro, a Director at TOL sold 16,250 shares for a total of $691,763.

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, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments.