Toromont Industries (TSE:TIH) Price Target Raised to C$129.00

Toromont Industries (TSE:TIH) had its price target increased by CIBC from C$128.00 to C$129.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 12.62% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. National Bankshares decreased their price target on shares of Toromont Industries from C$135.00 to C$132.00 in a research note on Tuesday, November 5th. Scotiabank dropped their price target on Toromont Industries from C$136.00 to C$132.00 in a research note on Wednesday, November 6th. BMO Capital Markets reduced their price objective on Toromont Industries from C$143.00 to C$140.00 in a research note on Wednesday, November 6th. Raymond James reduced their price target on shares of Toromont Industries from C$132.00 to C$122.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price objective on shares of Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toromont Industries currently has an average rating of “Moderate Buy” and an average target price of C$135.13.

Toromont Industries Trading Down 1.2 %

Toromont Industries stock traded down C$1.35 during trading hours on Monday, reaching C$114.54. 55,783 shares of the company’s stock were exchanged, compared to its average volume of 160,757. The firm has a market capitalization of C$9.38 billion, a PE ratio of 18.27, a PEG ratio of 3.72 and a beta of 0.68. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08. The firm’s 50 day simple moving average is C$114.94 and its 200 day simple moving average is C$121.51. Toromont Industries has a twelve month low of C$109.83 and a twelve month high of C$135.53.

Toromont Industries (TSE:TIH) last issued its quarterly earnings results on Monday, November 4th. The company reported C$1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.67 by C($0.08). Toromont Industries had a net margin of 10.86% and a return on equity of 19.65%. During the same period last year, the business earned $1.76 earnings per share. Research analysts predict that Toromont Industries will post 6.5892495 earnings per share for the current year.

Insider Transactions at Toromont Industries

In other Toromont Industries news, Director Jeffrey Scott Chisholm bought 4,500 shares of the stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. Company insiders own 0.27% of the company’s stock.

About Toromont Industries

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.