Toromont Industries (TIH) PT Raised to C$71.00 at Raymond James

Toromont Industries (TSE:TIH) had its target price hoisted by analysts at Raymond James from C$70.00 to C$71.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 2.91% from the stock’s previous close.

Several other brokerages have also commented on TIH. TD Securities boosted their target price on shares of Toromont Industries from C$70.00 to C$72.00 in a research report on Tuesday. Canaccord Genuity boosted their target price on shares of Toromont Industries from C$57.00 to C$62.00 in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Toromont Industries from C$62.00 to C$66.00 and gave the stock a “sector perform” rating in a research report on Tuesday. CIBC boosted their target price on shares of Toromont Industries from C$64.00 to C$70.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of Toromont Industries from C$72.00 to C$70.00 and set an “average” rating on the stock in a research report on Wednesday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$69.00.

Shares of TSE TIH opened at C$68.99 on Tuesday. The firm has a market cap of $5.34 billion and a price-to-earnings ratio of 22.47. Toromont Industries has a one year low of C$51.02 and a one year high of C$69.34. The company has a debt-to-equity ratio of 48.62, a quick ratio of 0.77 and a current ratio of 1.58.

Toromont Industries (TSE:TIH) last issued its earnings results on Thursday, February 14th. The company reported C$1.04 EPS for the quarter, topping the consensus estimate of C$0.88 by C$0.16. The company had revenue of C$966.00 million for the quarter, compared to analysts’ expectations of C$896.80 million. Analysts forecast that Toromont Industries will post 4 EPS for the current year.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in a variety of applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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Analyst Recommendations for Toromont Industries (TSE:TIH)

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