Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Average Rating of “Moderate Buy” by Brokerages

Toromont Industries Ltd. (OTCMKTS:TMTNF) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities research analysts have weighed in on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at $141.91 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.73 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $154.73 and its two-hundred day moving average is $153.92. The firm has a market capitalization of $11.57 billion and a P/E ratio of 43.27. Toromont Industries has a 52 week low of $105.00 and a 52 week high of $169.25.

Toromont Industries (OTCMKTS:TMTNF) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%. The firm had revenue of $797.03 million during the quarter, compared to analysts’ expectations of $1.04 billion.

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.