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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several equities research analysts recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research note on Tuesday, February 17th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research report on Thursday, January 29th.

Toromont Industries Stock Performance

Shares of OTCMKTS TMTNF opened at $147.02 on Friday. Toromont Industries has a 52-week low of $76.05 and a 52-week high of $154.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The company’s 50 day moving average price is $136.67 and its 200-day moving average price is $121.44.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.35. The company had revenue of $764.29 million during the quarter, compared to analysts’ expectations of $848.84 million. Toromont Industries had a net margin of 9.56% and a return on equity of 16.03%.

About Toromont Industries

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.