NEW YORK (
-- Toro Company
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, robust revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. It operates in two segments, Professional and Residential. The Professional segment designs professional turf and agricultural products. The company has a P/E ratio of 22.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 23.4. Toro has a market cap of $2 billion and is part of the
industry. Shares are up 1.7% year to date as of the close of trading on Thursday.
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