BMO Capital Markets Increases Toromont Industries (TSE:TIH) Price Target to C$136.00

Toromont Industries (TSE:TIH) had its target price boosted by investment analysts at BMO Capital Markets from C$133.00 to C$136.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 6.96% from the company’s previous close.

A number of other research analysts have also issued reports on the company. National Bankshares decreased their target price on Toromont Industries from C$137.00 to C$132.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. CIBC lowered their price objective on Toromont Industries from C$130.00 to C$128.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. TD Securities lowered their target price on shares of Toromont Industries from C$145.00 to C$140.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Scotiabank reduced their price target on shares of Toromont Industries from C$133.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. Finally, Royal Bank of Canada dropped their price objective on shares of Toromont Industries from C$140.00 to C$137.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$133.50.

Toromont Industries Trading Up 0.2 %

TIH stock traded up C$0.20 during mid-day trading on Wednesday, hitting C$127.15. 18,312 shares of the company were exchanged, compared to its average volume of 103,883. The firm has a market capitalization of C$10.45 billion, a P/E ratio of 20.38, a PEG ratio of 3.72 and a beta of 0.73. Toromont Industries has a 12-month low of C$100.81 and a 12-month high of C$135.53. The company has a quick ratio of 1.38, a current ratio of 2.65 and a debt-to-equity ratio of 24.51. The business has a fifty day simple moving average of C$121.12 and a 200-day simple moving average of C$123.27.

Toromont Industries (TSE:TIH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.11 by C($0.10). The business had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.05 billion. Toromont Industries had a net margin of 11.38% and a return on equity of 20.10%. On average, equities research analysts predict that Toromont Industries will post 6.125 earnings per share for the current fiscal year.

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 engages 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.