Longbow Gives Toro (NYSE:TTC) a Lower Rating. Drops its Buy Rating


Toro (NYSE:TTC) Receives a Downgrade

In analysts report revealed on 4 December, equity research analysts at Longbow’s equity division downgraded the rating for Toro (NYSE:TTC) shares from the previous Buy to a Neutral.

Approximately 107,539 shares of stock traded hands. Toro Co (NYSE:TTC) has risen 9.47% since May 1, 2015 and is uptrending. It has outperformed by 12.25% the S&P500.

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and construction equipment, and residential yard and snow removal products. The company has a market cap of $4.07 billion. The Firm sells its products across the world through a network of distributors, dealers, hardware retailers, home centers, mass retailers, and over the Internet under the names of Toro, Exmark, Irritrol, Hayter, Pope, Unique Lighting Systems, Lawn-Boy and Lawn Genie. It has 22.89 P/E ratio.

According to Zacks Investment Research, “Toro Company designs, manufactures and markets consumer and professional turf maintenance equipment, snow removal products and irrigation systems and provides landscaping and turf maintenance services. The company manufactures walk-behind power mowers and snowblowers and riding lawn mowers and lawn and garden tractors. The company designs and markets electrical and gas products, professional turf maintenance equipment and turf irrigation products.” Get a free copy of the Zacks research report on Toro Co (TTC).