Northcoast raised the price target for the The Toro Company (NYSE:TTC) stock from “a Neutral” to “a Buy”. The rating was released on September 06, 2022, according to finviz. We previously noted in another research note published on October 27, 2021 by BofA Securities that downgraded the stock from a Neutral to an Underperform with a price target of $85 for TTC stock. The research report from Robert W. Baird has downgraded the stock from Outperform to Neutral, with a price target set at $116. The stock was initiated by BofA Securities, who disclosed in a research note on January 04, 2021, to Neutral and set the price objective to $102. In their research brief published September 04, 2020, Robert W. Baird analysts upgraded the The Toro Company stock from Neutral to Outperform with a price target of $88.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of The Toro Company (NYSE:TTC) raised 0.03% to close Wednesday’s market session at $111.60, higher as compared to yesterday’s close. The stock price fluctuated between $111.265 and $112.845 throughout the trading session with the volume trading being 469080 shares, which represented a significant variation when compared to the three months average volume of 490.68K shares. The firm’s stock price fluctuated 0.23% within the last five trades and 11.29% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 41.18% in the last 6 months and 27.35% was added to its value over the previous 3 months. TTC stock is trading at a margin of 3.17%, 13.46% and 26.63% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, TTC deals in the Industrials domain. The stock is trading -1.56 percent below its 52-week high and 55.30 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 22.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does The Toro Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 11.60 percent and the profit margin is 9.00 percent, and the company has reported a gross margin of 32.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $11.58 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The Toro Company (NYSE:TTC) is 30.64. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 22.62. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 9.10, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of The Toro Company shares are owned by insiders, and 88.70 percent are held by financial institutions. Svendsen Kurt D, the VP, Strat, Corp & Channel Dev at The Toro Company (TTC) has sold 4,000 shares of firm on Sep 30 at a price of $87.34 against the total amount of $0.35 million. In another inside trade, HARLESS KATHERINE J, Director of The Toro Company (NYSE:TTC) sold 1,780 shares of the firm on Sep 22 for a total worth of $0.16 million at a price of $88.00. An inside trade which took place on Sep 15, VP, Finance of The Toro Company Drake Angela C sold 3,266 shares of firm against total price of $0.3 million at the cost of $90.72 per share.