Analysis Of The Weekly Performance Of The Toro Company (TTC)

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The Toro Company (NYSE:TTC) finished Friday with a subtraction of -$0.06 to close at $113.20, a downside of -0.05 percent. An average of 598,560 shares of common stock have been traded in the last five days. There was a gain of $2.05 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 611,835 shares traded, while the 50-day average volume stands at 523,660.

TTC stock has increased by 1.99% in the last month. The company shares reached their 1-month lowest point of $105.77 on 12/21/22. With the stock rallying to its 52-week high on 12/14/22, shares of the company touched a low of $71.86 and a high of $115.57 in 52 weeks. It has reached a new high 11 times so far this year and achieved 13.30% or $13.29 in price. In spite of this, the price is down -2.05% from the 52-week high.

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Insider Transactions

TTC stock investors should be aware that The Toro Company (TTC) stock had its last reported insider trading activity 3 days ago on Dec 28. In this transaction, the insider spent $345,000. VP, Global Ops & Supply Chain, Carpenter Kevin N, disposed of 2,300 shares at a price of $114.74 on Dec 27. The insider now owns more than $263,895 worth of shares. Prior to that, Group VP, Golf, Grounds & Irr Funk Edric C went on to Sale 3,093 shares at $114.21 each on Dec 27. An amount of $353,230 was transacted.

Valuation Metrics

The Toro Company (TTC) has a trailing price-to-earnings (P/E) ratio of 26.97. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.57, the price-to-book (PB) ratio at 8.75, and the price-to-cash flow ratio at 70.63.

The company has a payout ratio of 21.30%. The company’s most recent quarterly dividend payment was $0.34 a share, representing a up of 13.33% from $0.30 last year. Its latest increase dividend $0.04 reported on Tuesday December 13 2022.

Financial Health

The quick ratio of The Toro Company for the three months ended July 30 was 0.60, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.73 and a total debt to equity ratio of 0.00 for the quarter ending July 30. Its gross profit as reported stood at $1.5 billion compared to revenue of $4.51 billion.

Earnings Surprise

For the three-month period that ended July 30, The Toro Company had $990.77 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $117.56 million in the quarter, while revenues of $125.15 million were grew 48.87%. The analyst consensus anticipated The Toro Company’s latest quarter earnings to come in at $1.12 per share, but it turned out to be $1.19, a 6.20% surprise. For the quarter, EBITDA amounted to $180.19 million. Shareholders own equity worth $104.01 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Toro Company (TTC) price momentum. RSI 9-day as of the close on 30 December was 55.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.91%.

As of today, TTC’s price is $113.46 +1.84% or $2.05 from its 5-day moving average. TTC is currently trading +1.84% higher than its 20-day SMA and +31.75% higher than its 100-day SMA. However, the stock’s current price level is +19.23% above the SMA50 and +34.00% above the SMA200.

The stochastic %K and %D were 75.85% and 78.96%, respectively, and the average true range (ATR) was 2.55. With the 14-day stochastic at 75.82% and the average true range at 2.51, the RSI (14) stands at 57.30%. The stock has reached 0.50 on the 9-day MACD Oscillator while the 14-day reading was at 0.67.

Analyst Ratings

Raymond James upgraded The Toro Company (NYSE: TTC) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for The Toro Company (TTC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TTC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is TTC’s price target for the next 12 months?

Analysts predict a range of price targets between $116.00 and $137.00, with a median target of $130.00. Taking a look at these predictions, the average price target given by analysts for The Toro Company (TTC) stock is $127.67.

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