Toro Co. (NYSE: TTC) has experienced a rise in its stock price by 1.39 compared to its previous closing price of 85.86. However, the company has seen a fall of -0.19% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-07 that Toro (TTC) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.98 per share a year ago.
Is It Worth Investing in Toro Co. (NYSE: TTC) Right Now?
Toro Co. (NYSE: TTC) has a price-to-earnings ratio of 31.85x that is above its average ratio. Additionally, the 36-month beta value for TTC is 0.73. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for TTC is 103.96M and currently, short sellers hold a 4.74% ratio of that float. The average trading volume of TTC on April 12, 2024 was 716.95K shares.
TTC’s Market Performance
The stock of Toro Co. (TTC) has seen a -0.19% decrease in the past week, with a -1.30% drop in the past month, and a -4.21% fall in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 2.07% for TTC. The simple moving average for the last 20 days is -2.01% for TTC’s stock, with a simple moving average of -4.80% for the last 200 days.
Analysts’ Opinion of TTC
Many brokerage firms have already submitted their reports for TTC stocks, with DA Davidson repeating the rating for TTC by listing it as a “Neutral.” The predicted price for TTC in the upcoming period, according to DA Davidson is $87 based on the research report published on December 05, 2023 of the previous year 2023.
DA Davidson, on the other hand, stated in their research note that they expect to see TTC reach a price target of $117. The rating they have provided for TTC stocks is “Buy” according to the report published on June 22nd, 2023.
CL King gave a rating of “Buy” to TTC, setting the target price at $133 in the report published on May 19th of the previous year.
TTC Trading at -4.84% from the 50-Day Moving Average
After a stumble in the market that brought TTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.77% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.34% lower at present.
During the last 5 trading sessions, TTC fell by -0.19%, which changed the moving average for the period of 200-days by -10.82% in comparison to the 20-day moving average, which settled at $88.71. In addition, Toro Co. saw -9.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TTC starting from Ellis Gary Lee, who sale 5,192 shares at the price of $88.75 back on Mar 15 ’24. After this action, Ellis Gary Lee now owns 33,051 shares of Toro Co., valued at $460,764 using the latest closing price.
Funk Edric C, the Group VP, Golf, Grounds & Irr of Toro Co., sale 615 shares at $89.57 during a trade that took place back on Mar 15 ’24, which means that Funk Edric C is holding 0 shares at $55,078 based on the most recent closing price.
Stock Fundamentals for TTC
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.22 for the gross margin
The net margin for Toro Co. stands at 0.08. The total capital return value is set at 0.13. Equity return is now at value 19.23, with 7.72 for asset returns.
Based on Toro Co. (TTC), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 6.23.
Currently, EBITDA for the company is 729.7 million with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 7.55for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In conclusion, Toro Co. (TTC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
