January 27, 2015 – Toro (NYSE:TTC) shares reached a new 52-week high on Monday , Stock Ratings News reports. The company traded as high as $67.48 and last traded at $67.03, with a volume of 202,681 shares trading hands. The stock had previously closed at $65.65.
Several analysts have recently commented on the stock. Analysts at Sidoti upgraded shares of Toro from a “neutral” rating to a “buy” rating in a research note on Thursday, January 22nd. Analysts at Zacks upgraded shares of Toro from a “neutral” rating to an “outperform” rating and set a $67.40 price target on the stock in a research note on Friday, December 12th. Analysts at Raymond James downgraded shares of Toro from an “outperform” rating to a “market perform” rating and set a $65.00 price target on the stock in a research note on Friday, December 5th. Finally, analysts at Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Monday, November 24th.
The stock’s 50-day moving average is $62.60 and its 200-day moving average is $61.37. The company has a market cap of $3.746 billion and a P/E ratio of 21.74.
Toro (NYSE:TTC) last announced its earnings results on Thursday, December 4th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.04. The company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $409.90 million. During the same quarter last year, the company posted $0.08 earnings per share. Toro’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that Toro will post $3.43 earnings per share for the current fiscal year.
The Toro Company (NYSE:TTC) designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, agricultural micro-irrigation systems, landscaping equipment and lighting, and residential yard and snow removal products.