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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities research analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a report on Monday, November 3rd. Finally, National Bank Financial restated an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd.

Toromont Industries Stock Up 2.0%

Shares of OTCMKTS:TMTNF opened at $147.51 on Wednesday. Toromont Industries has a twelve month low of $76.05 and a twelve month high of $147.51. The stock’s 50 day moving average is $125.29 and its 200-day moving average is $115.49.

Toromont Industries (OTCMKTS:TMTNF) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.35. The business had revenue of $764.29 million for the quarter, compared to the consensus estimate of $848.84 million.

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.