Toromont Industries (TSE:TIH – Get Free Report) had its price target cut by investment analysts at TD Securities from C$145.00 to C$140.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 14.49% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. Royal Bank of Canada lifted their target price on Toromont Industries from C$125.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Scotiabank lifted their price target on shares of Toromont Industries from C$125.00 to C$133.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. National Bankshares set a C$137.00 target price on Toromont Industries and gave the company an “outperform” rating in a research note on Thursday, February 15th. Canaccord Genuity Group raised their price target on shares of Toromont Industries from C$123.00 to C$138.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets boosted their price objective on shares of Toromont Industries from C$124.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$132.75.
Toromont Industries Trading Down 0.4 %
Toromont Industries (TSE:TIH – Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.13. The firm had revenue of C$1.23 billion for the quarter, compared to the consensus estimate of C$1.19 billion. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. Research analysts predict that Toromont Industries will post 6.3025012 EPS for the current fiscal year.
Insider Activity at Toromont Industries
In related news, Senior Officer Jennifer Cochrane sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total transaction of C$384,000.00. In other news, Senior Officer Jennifer Cochrane sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total transaction of C$384,000.00. Also, Senior Officer Miles Sean Ryan Gregg sold 1,900 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$126.45, for a total transaction of C$240,255.00. Insiders sold 21,700 shares of company stock worth $2,727,180 over the last three months. Company insiders own 0.27% of the company’s stock.
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 engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various 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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