Toromont Industries (TSE:TIH) had its price target lifted by Raymond James from C$71.00 to C$75.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Toromont Industries from C$66.00 to C$65.00 and set a sector perform rating for the company in a research report on Monday. National Bank Financial cut shares of Toromont Industries from an outperform rating to a sector perform rating and set a C$70.00 price objective for the company. in a research report on Tuesday, April 9th. Scotiabank reiterated a neutral rating and set a C$69.00 price objective on shares of Toromont Industries in a research report on Wednesday, February 20th. BMO Capital Markets upped their price objective on shares of Toromont Industries from C$66.00 to C$72.00 and gave the stock an outperform rating in a research report on Tuesday, February 19th. Finally, TD Securities upped their price objective on shares of Toromont Industries from C$70.00 to C$72.00 in a research report on Tuesday, February 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Toromont Industries has an average rating of Hold and a consensus price target of C$69.38.
TIH stock opened at C$61.94 on Monday. The company has a market cap of $5.02 billion and a P/E ratio of 19.55. Toromont Industries has a 1 year low of C$51.02 and a 1 year high of C$70.62. The company has a quick ratio of 0.63, a current ratio of 1.62 and a debt-to-equity ratio of 50.75.
Toromont Industries (TSE:TIH) last released its quarterly earnings data on Thursday, February 14th. The company reported C$1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.88 by C$0.16. The company had revenue of C$966.00 million for the quarter, compared to analyst estimates of C$896.80 million. As a group, research analysts expect that Toromont Industries will post 3.99000009844703 earnings per share for the current fiscal year.
In related news, Director Randall Casson sold 800 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$69.74, for a total transaction of C$55,792.00. Following the completion of the transaction, the director now directly owns 129,200 shares in the company, valued at approximately C$9,010,408. Over the last quarter, insiders have sold 1,854 shares of company stock valued at $128,196.
Toromont Industries Company Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
Recommended Story: How to start trading in the forex market?