Toromont Industries Ltd. (OTCMKTS:TMTNF) Receives Average Recommendation of “Moderate Buy” from Analysts

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several research analysts have recently weighed in on TMTNF shares. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th.

Toromont Industries Trading Down 0.5%

Toromont Industries stock opened at $157.07 on Thursday. Toromont Industries has a one year low of $102.13 and a one year high of $169.25. The business’s fifty day moving average is $159.68 and its 200 day moving average is $151.84. The stock has a market capitalization of $12.81 billion and a PE ratio of 47.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86.

Toromont Industries (OTCMKTS:TMTNF) last posted its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.24. The business had revenue of $797.03 million for the quarter, compared to analysts’ expectations of $1.04 billion. Toromont Industries had a net margin of 9.25% and a return on equity of 16.00%.

Toromont Industries Company Profile

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.