Toll Brothers Downgraded by Analysts on Friday
Jun 17, 2022 By MarketDepth
Toll Brothers (NYSE: TOL), was just downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a note sent to investors on Friday, according to The Fly.
UBS Reduced their Price Target
Similarly, other research analysts have published research reports regarding the stock. UBS was one among the group to reduce their price target on Toll Brothers shares from USD74 to USD59 and designated a “buy” rating for the company in a report Thursday. Furthermore, Credit Suisse issued an “outperform” rating on Toll Brothers, as well as a USD63 price objective for the company. Overall, three equities research analysts have placed a sell rating on the stock, eight have designated a hold rating and four have issued a buy rating to the company’s stock.
Financing for Residential and Commercial Properties
The company, which designs, builds, markets, sells, and arranges finance for residential and commercial properties within the U.S., opened at USD41.58 on Friday and has a current market cap of USD4.78 Billion. Additionally, the company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 5.01.