Toromont Industries Ltd. (OTCMKTS:TMTNF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

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

Several research firms have recently commented on TMTNF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Raymond James Financial raised Toromont Industries to a “market perform” rating in a report on Thursday, June 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th.

Toromont Industries Stock Performance

Toromont Industries stock opened at $159.03 on Friday. The company has a market cap of $12.98 billion and a PE ratio of 48.48. The company has a fifty day moving average price of $151.04 and a two-hundred day moving average price of $154.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68. Toromont Industries has a 12 month low of $110.93 and a 12 month high of $169.25.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $797.03 million for the quarter, compared to the consensus estimate of $1.04 billion.

Toromont Industries Company Profile

Toromont Industries is a Canadian company that provides equipment, refrigeration systems and related services through two principal business groups: the Equipment Group and CIMCO Refrigeration. The company serves customers in industries including construction, mining, infrastructure, natural resources, agriculture, food and beverage, and industrial processing.

Through its Equipment Group, Toromont operates Caterpillar dealerships and offers new and used heavy equipment, engines, power systems, parts, maintenance, repair and equipment rental services.