The Toro Company (NYSE:TTC) currently has a daily average trading volume of 567.52K but it saw 755164 shares traded on Wednesday. With a market cap of 10.88B USD, stock’s current market price of $102.93 came falling about -1.65 while comparing to the previous closing price of $104.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $117.66 and as low as $71.86. In the recent trading on the day, stock has struck highest price mark of $104.40 while lowest mark touched by it was $102.75.
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Taking a look at 20-day trading activity of The Toro Company (TTC) gives us an average price of $104.84, while its current price level is -12.52% below from 52-week high level whereas it is 43.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $105.65 while that of 200 days or SMA-200 reads an average of $103.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.16% during that period while stretching the period over a month that decreases to 1.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.17 which implies that the stock is in neutral territory.
The Toro Company (TTC)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $110.00 and $133.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $110.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $133.00. Average price target assigned by them is $123.25 which highlights an upside potential of 16.49% for the stock over that period. And to attain the median price target of $125.00 assigned by those analysts, stock has to add about 17.66% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, TTC’s stock price is moving -1.42% down while it is -0.07% when we observe its performance for the past one month. Year-to-date it is -9.07% down and over the past year, the stock is showing an upside performance of 35.08%.
The latest quarterly earnings report issued by the company was for quarter ended 1/30/2023, when its quarterly earnings per share (EPS) of $0.98 beat the consensus estimate of $0.94 for the same. The company is expected to be releasing its next quarterly report in 08/24/2023, for which analysts forecasted an EPS of $1.52 while estimate for next year EPS is $4.84. For TTC, analysts are forecasting an EPS-growth rate of 15.20% for current year and estimate for EPS growth in next year is 11.20%. In next quarter, company is expected to be making quarterly sales of $1.24 billion as analysts are expecting the sales for current fiscal year at $5 billion and seeing the company making $5.28 billion in sales next year. Moreover, analysts are in estimates of $1.45 billion for current-quarter revenue.
Currently, The Toro Company’s total number of outstanding shares is 104.50M with 0.35% of that held by the insiders while 88.25% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 19.90% and return on equity (ROE) at 36.20%. It has a price to earnings ratio (P/E ratio) of 22.60 while having a 19.12 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 7.45 while price to sale or P/S ratio amounts to 2.30. Its return on asset (ROA) is 13.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that T Rowe Price New Horizons Fund came shrinking its share ownership by 2.72% in the The Toro Company (TTC) increasing its stake to 3.58% with control over 98689.0 shares in the company. As per SEC documents, T Rowe Price New Horizons Fund sought 3,732,990 of company’s common stock of worth $389.2 million as per recent closing price of the stock. T Rowe Price New Horizons Fund is not the only institutional holder which restructured its stake in The Toro Company, as iShares Core S&P Mid Cap ETF picked 3,266,502 shares of worth $340.57 million to bring its holdings to a total of 11669.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.47% in the company and now holds 3.25 million or 3.12% of the company’s stake having worth of about 339.36 million.
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