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

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

Several research analysts have recently commented on the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th.

Toromont Industries Stock Performance

Shares of TMTNF stock opened at $157.07 on Thursday. The company has a market capitalization of $12.81 billion and a PE ratio of 47.89. Toromont Industries has a 52-week low of $102.13 and a 52-week high of $169.25. The business’s fifty day moving average is $159.62 and its 200 day moving average is $152.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93.

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