Toro (NYSE:TTC) Price Target Lowered to $90.00 at Raymond James

Toro (NYSE:TTC - Get Free Report) had its price target lowered by equities research analysts at Raymond James from $95.00 to $90.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James' target price suggests a potential upside of 31.34% from the stock's previous close.

Several other research firms have also recently commented on TTC. Northland Securities reissued a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research note on Friday. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird increased their price objective on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday. DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and a consensus target price of $83.75.

Toro Price Performance

Shares of NYSE TTC traded down $4.78 during mid-day trading on Friday, hitting $68.52. 992,559 shares of the company's stock traded hands, compared to its average volume of 957,193. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. Toro has a 1 year low of $62.34 and a 1 year high of $100.93. The company has a market capitalization of $6.84 billion, a P/E ratio of 17.06 and a beta of 0.83. The company's 50-day moving average is $71.04 and its two-hundred day moving average is $77.50.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 earnings per share. On average, equities analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Toro

A number of hedge funds and other institutional investors have recently bought and sold shares of TTC. True Wealth Design LLC raised its holdings in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the last quarter. Asset Planning Inc bought a new position in shares of Toro during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group lifted its position in Toro by 94.1% during the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after buying an additional 240 shares during the period. Financial Harvest LLC purchased a new stake in Toro during the 1st quarter valued at about $42,000. Finally, CIBC Private Wealth Group LLC increased its position in Toro by 30.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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