Williams Financial Group Starts Toll Bros. (TOL) at Hold; Buyers On Pullback
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Price: $148.27 -0.7%
Rating Summary:
22 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Williams Financial Group initiates coverage on Toll Bros. (NYSE: TOL) with a Hold. PT $26.00.
Analyst, David N. Williams, said, "Given the more recent macro improvements and firming of market conditions, we are increasingly bullish on the homebuilding sector as a whole. We are not ready to call recovery, but the better positioned homebuilders should benefit from the spring selling season and as further confirmation of macro improvements become transparent."
"TOL gross margins are the highest of our coverage universe, and will likely move higher as absorption pace picks up...FY12 projected EPS of $0.31 and FY13 $0.72."
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 $24.03 yesterday.
Analyst, David N. Williams, said, "Given the more recent macro improvements and firming of market conditions, we are increasingly bullish on the homebuilding sector as a whole. We are not ready to call recovery, but the better positioned homebuilders should benefit from the spring selling season and as further confirmation of macro improvements become transparent."
"TOL gross margins are the highest of our coverage universe, and will likely move higher as absorption pace picks up...FY12 projected EPS of $0.31 and FY13 $0.72."
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 $24.03 yesterday.
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