Toromont Industries Ltd. (TMTNF) – What Are Brokerages Saying About This Stock?

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

A number of research firms have commented on TMTNF. Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th.

Toromont Industries Stock Up 0.9%

TMTNF stock opened at $150.49 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $12.28 billion and a PE ratio of 45.88. Toromont Industries has a 1-year low of $112.62 and a 1-year high of $169.25. The business’s 50 day simple moving average is $151.86 and its 200 day simple moving average is $155.47.

Toromont Industries (OTCMKTS:TMTNF) last posted 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 return on equity of 15.53% and a net margin of 9.25%. The business had revenue of $797.03 million for the quarter, compared to analysts’ expectations of $1.04 billion.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.