Canaccord Genuity Group Issues Positive Forecast for Toromont Industries (TSE:TIH) Stock Price

Toromont Industries (TSE:TIH) had its price objective hoisted by Canaccord Genuity Group from C$172.00 to C$200.00 in a research note released on Friday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial lifted their price objective on shares of Toromont Industries from C$172.00 to C$180.00 in a research report on Thursday. National Bank Financial increased their price target on shares of Toromont Industries from C$164.00 to C$176.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Scotiabank increased their price target on Toromont Industries from C$171.00 to C$175.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price objective on Toromont Industries from C$180.00 to C$207.00 in a research note on Thursday. Finally, TD Securities increased their price objective on Toromont Industries from C$180.00 to C$195.00 in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$190.38.

Toromont Industries Stock Up 3.9%

TSE:TIH opened at C$204.93 on Friday. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The stock has a 50-day simple moving average of C$173.26 and a 200 day simple moving average of C$160.07. Toromont Industries has a one year low of C$107.32 and a one year high of C$205.04. The company has a market capitalization of C$16.69 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 3.72 and a beta of 0.52.

Toromont Industries (TSE:TIH) last posted its earnings results on Tuesday, February 10th. The company reported C$1.92 EPS for the quarter. Toromont Industries had a return on equity of 17.74% and a net margin of 10.09%.The company had revenue of C$1.42 billion during the quarter. Sell-side analysts predict that Toromont Industries will post 6.5892495 EPS for the current fiscal year.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, January 5th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, December 5th. Toromont Industries’s dividend payout ratio is 33.72%.

Insider Activity

In other Toromont Industries news, insider Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total value of C$825,000.00. Following the sale, the insider directly owned 12,012 shares in the company, valued at approximately C$1,981,980. The trade was a 29.39% decrease in their position. Insiders own 0.27% of the company’s stock.

Toromont Industries News Roundup

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 beat and dividend streak: Coverage highlights Toromont’s Q4 outperformance and its 37th consecutive dividend increase, reinforcing income and growth narratives that support a higher multiple. Article Title
• Positive Sentiment: BMO Capital raised its price target from C$196 to C$210, implying roughly a mid‑single‑digit upside vs recent levels — a bullish signal from a major Canadian bank on execution and margin outlook. Article Title
• Positive Sentiment: RBC raised its target from C$180 to C$207, now implying upside versus the recent price and reinforcing institutional confidence in Toromont’s model. Article Title
• Neutral Sentiment: Canaccord raised its target to C$200 (from C$172) but that level sits roughly in line/just below the recent trading level, signaling recognition of progress but a more conservative view on valuation upside. Article Title Article Title
• Negative Sentiment: Raymond James raised its target to C$180 from C$172, but that level implies roughly mid‑single‑digit downside versus recent trading, suggesting some analysts remain cautious on near‑term valuation despite the operational beat. Article Title
• Neutral Sentiment: For context, Toromont’s fundamentals show solid margins (net margin ~10%), ROE near 18%, trailing EPS of C$1.92 for the quarter and analyst consensus pointing to continued earnings growth — factors supporting a premium multiple but keeping valuations under scrutiny.
• Neutral Sentiment: Earnings call transcript is available for deeper read on management’s outlook and guidance; investors should review margins, backlog, and capital allocation commentary for signals on sustainability of growth. Article Title

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.