Toro Co. (TTC) shares projected to rise by 33.8%

Toro Co. [TTC] stock is trading at $82.96, up 0.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TTC shares have gain 1.39% over the last week, with a monthly amount drifted -5.95%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Toro Co. [NYSE: TTC] stock has seen the most recent analyst activity on December 05, 2023, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $87 from $110. Previously, DA Davidson started tracking the stock with Buy rating on June 22, 2023, and set its price target to $117. On May 19, 2023, CL King initiated with a Buy rating and assigned a price target of $133 on the stock. Northland Capital started tracking the stock assigning a Market Perform rating and suggested a price target of $110 on April 17, 2023. Raymond James upgraded its rating to a Outperform but $130 remained the price target by the analyst firm on December 23, 2022. Northcoast upgraded its rating to Buy for this stock on September 06, 2022. In a note dated October 27, 2021, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $118 to $85.

Toro Co. [TTC] stock has fluctuated between $77.15 and $102.00 over the past year. Currently, Wall Street analysts expect the stock to reach $111 within the next 12 months. Toro Co. [NYSE: TTC] shares were valued at $82.96 at the most recent close of the market. An investor can expect a potential return of 33.8% based on the average TTC price forecast.

Analyzing the TTC fundamentals

Toro Co. [NYSE:TTC] reported sales of 4.48B for the trailing twelve months, which represents a growth of 6.89%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.25 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.12 points at the first support level, and at 81.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.42, and for the 2nd resistance point, it is at 83.87.

Ratios To Look Out For

For context, Toro Co.’s Current Ratio is 1.94. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 5.22 and price to earnings (TTM) ratio is 21.69.

Transactions by insiders

Recent insider trading involved Olson Richard M, Chairman & CEO, that happened on Jun 21 ’24 when 20000.0 shares were sold. Group VP, Golf, Grounds & Irr, Funk Edric C completed a deal on Mar 15 ’24 to sell 615.0 shares. Meanwhile, Director Ellis Gary Lee sold 5192.0 shares on Mar 15 ’24.

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