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These Analysts Boost Their Forecasts On Toll Brothers After Strong Q4 Results

Published 07/12/2023, 17:42
Updated 07/12/2023, 19:10
© Reuters.  These Analysts Boost Their Forecasts On Toll Brothers After Strong Q4 Results
TOL
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Toll Brothers, Inc. (NYSE: TOL) reported upbeat earnings for its fourth quarter on Tuesday.

Toll Brothers posted quarterly earnings of $4.11 per share, beating market estimates of $3.71 per share. The company’s quarterly sales came in at $3.02 billion versus estimates of $2.77 billion.

Toll Brothers said it sees first-quarter deliveries of 1,800-1,900 and FY24 deliveries of 9,850-10,350.

Toll Brothers shares gained 2.6% to trade at $91.23 on Thursday.

These analysts made changes to their price targets on Toll Brothers following earnings announcement.

  • Barclays boosted the price target on Toll Brothers from $74 to $95. Barclays analyst Matthew Bouley maintained an Underweight rating.
  • Goldman Sachs increased the price target on Toll Brothers from $68 to $78. Goldman Sachs analyst Susan Maklari maintained a Sell rating.
  • UBS increased the price target on Toll Brothers from $96 to $112. UBS analyst John Lovallo maintained a Buy rating.
  • RBC Capital increased the price target on Toll Brothers from $90 to $97. RBC Capital analyst Mike Dahl maintained an Outperform rating.

Now Read This: 'I Like It Very Much': Jim Cramer Bullish On This Financial Stock Up 75% YTD

Latest Ratings for TOL

DateFirmActionFromTo
Mar 2022JP MorganUpgradesUnderweightNeutral
Feb 2022B of A SecuritiesUpgradesUnderperformBuy
Feb 2022BarclaysMaintainsUnderweight
View More Analyst Ratings for TOL

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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