Key Highlights:
- Toro Co. (TTC, Financial) shares drop 6.1% after revealing mixed Q2 results and revising full-year earnings forecast.
- Stock receives a downgrade from Northland Securities with a new price target set at $80.
- According to analysts, the average price target suggests a potential upside of 27.85% from the current stock price.
Toro Co. (NYSE: TTC) shares have faced a significant decline, falling 6.1% to reach a one-month low. This downturn extends a two-day cumulative slide exceeding 9% in the wake of the company's mixed second-quarter results. In an unexpected move, Toro adjusted its full-year earnings forecast downward to a range of $4.15-$4.30, which is below market consensus, primarily attributing this adjustment to the impacts of tariffs. Furthermore, Northland Securities has downgraded the stock, establishing a new price target of $80.
Wall Street Analysts Forecast
Industry analysts have provided one-year price targets for The Toro Co (NYSE: TTC), with an average target price of $88.00. These forecasts range from a high estimate of $100.00 to a low estimate of $80.00. The average target price indicates a promising upside potential of 27.85% from the current stock price of $68.83. For further insights and details on these estimates, explore the The Toro Co (TTC, Financial) Forecast page.
Brokerage firms' consensus recommendation for The Toro Co (NYSE: TTC) reflects a current average rating of 2.7, which falls under the "Hold" category. This rating is derived from a scale of 1 to 5, where 1 symbolizes a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the estimated GF Value for The Toro Co (NYSE: TTC) over the next year is positioned at $99.53, signifying a significant upside of 44.6% from its current standing at $68.83. The GF Value is a proprietary calculation by GuruFocus, which evaluates the fair value at which the stock should trade, factoring in historical trading multiples, past business growth, and future business performance estimations. Additional comprehensive data is available on the The Toro Co (TTC, Financial) Summary page.
