Compass Point Raises Numbers on Toll Bros. (TOL) After Positive Spring Season

June 12, 2012 7:58 AM EDT
Get Alerts TOL Hot Sheet
Price: $31.02 +0.13%

Rating Summary:
    13 Buy, 15 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Compass Point maintains a 'Neutral' on Toll Bros. (NYSE: TOL) price target of $24.50 (from $22.00).

Analyst, Wilkes Graham, said, "TOL reaped the benefits of a robust spring selling season, buoyed by warm weather, historically low mortgage rates, and thawing consumer credit markets. Closing and new order growth of 14% and 47%, respectively, reflected the strength of the season and beat consensus estimates. Consequently, we are upgrading our FY2012 EPS estimate to $0.49 and our FY2013 EPS estimate to $1.55. We note that while our estimates are well above consesnus estimates, particularly for 2013, we still struggle to find conviction in levels above the current stock price."

For an analyst ratings summary and ratings history on Toll Bros. click here. For more ratings news on Toll Bros. click here.

Shares of Toll Bros. closed at $24.86 yesterday.

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