Credit Suisse rates TOL as Outperform 07/05/2009 10:25AMTOL --...

Credit Suisse rates TOL as Outperform 07/05/2009 10:25AM

TOL -- Toll Holdings Limited

On the broker's numbers the group's acquisition of the remaining shares in ST-Anda Logistics will be slightly earnings accretive while also offering a base for further earnings growth in Asia.
With no changes to its estimates the broker retains its Outperform rating and $7.40 price target on the stock.
Target price is $7.40 Current Price is $6.36 Difference:$1.04 - (brackets indicate current price is over target). If TOL meets the Credit Suisse target it will return approximately 16% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Credit Suisse forecasts a full year FY09 dividend of 23.50 cents and EPS of 51.20 cents . At the last closing share price the estimated dividend yield is 3.69%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.42.
Market Sentiment: 0.6