Toro Co. (NYSE:TTC) saw an upside of 0.35% to close Friday at $80.28 after adding $0.28 on the day. The 5-day average trading volume is 666,840 shares of the company’s common stock. It has gained $82.43 in the past week and touched a new high 1 time within the past 5 days. An average of 677,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 477,504.
TTC’s 1-month performance is -18.85% or -$17.42 on its low of $78.35 reached on 09/21/23. The company’s shares have touched a 52-week low of $78.35 and high of $117.66, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, TTC has lost -29.08% or -$32.92 and has reached a new high 5 times. However, the current price is down -31.77% from the 52-week high price.
Insider Transactions
TTC stock investors last saw insider trading activity on Sep 13.Carpenter Kevin N (VP, Global Ops & Supply Chain) most recently sold 1,610 shares at $81.93 per share on Sep 13. This transaction cost the insider $131,907. Group VP, Undg & Spec Construc, MOELLER PETER D, sold 2,000 shares at a price of $110.38 on Mar 31. Then, on Mar 27, Group VP, Construction Rodier Richard W sold 3,000 shares at a price of $108.82 per share. This transaction amounted to $326,451.
Valuation Metrics
TTC stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.76 while the price-to-book (PB) in the most recent quarter is 5.64, with the price to cash flow ratio at 67.30.
Toro Co.’s quick ratio for the period ended July 30 was 0.68, with the current ratio over the same period at 1.91. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.79, while the total debt to equity was 0.80. In terms of profitability, the gross margin trailing 12 months is 34.51%. The trailing 12-month EBITDA margin is 15.17% while for the period ending July 30, Toro Co.’s operating margin was 13.18%. The firm’s gross profit as reported stood at $1.5 billion against revenue of $4.51 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 936.56% to -$14.96 million, while revenue of $167.47 million was 1219.45% off the previous quarter. Analysts expected TTC to announce $1.24 per share in earnings in its latest quarter, but it posted $0.95, representing a -23.40% surprise. EBITDA for the quarter stood at more than $8.17 million. TTC stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.11 billion, with total debt at $1.18 billion. Shareholders hold equity totaling $103.84 million.
Let’s look briefly at Toro Co. (TTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 19.06% to suggest the stock is trending oversold, with historical volatility in this time period at 11.65%.
The stock’s 5-day moving average is $80.43, reflecting a -2.54% or -$2.09 change from its current price. TTC is currently trading -18.36% above its 20-day SMA, -23.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -22.81% and SMA200 by-26.99%.
Stochastic %K and %D was 4.90% and 2.82% and the average true range (ATR) pointed at 2.19. The RSI (14) points at 21.94%, while the 14-day stochastic is at 7.79% with the period’s ATR at 2.26. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -4.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Toro Co. (NYSE: TTC), DA Davidson launched coverage with a Buy rating. Analysts offering their rating for TTC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TTC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 1 have offered a “buy” rating.
What is TTC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $94.00 and a high of $111.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Toro Co. (TTC) stock is $103.00.
