Barclays, RBC Capital Boost Price Targets On Toll Brothers Following Upbeat Earnings

Toll Brothers, Inc. TOL reported better-than-expected Q4 earnings after the closing bell on Tuesday.

Toll Brothers posted quarterly profit of $640.5 million, or $5.63 per share, compared with $374.3 million, or $3.02 per share, a year ago. Analysts expected $4.01 per share. Revenue climbed to $3.71 billion from $3.04 billion a year ago, topping the expectation for $3.17 billion.

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Toll Brothers shares rose 0.6% to trade at $49.79 on Thursday.

These analysts made changes to their price targets on Toll Brothers after the company released quarterly results.

• Barclays raised the price target on Toll Brothers from $47 to $50. Barclays analyst Matthew Bouley maintained an Underweight rating on the stock.
• RBC Capital boosted the price target from $48 to $49. RBC Capital analyst Mike Dahl maintained the stock with a Sector Perform.