Toromont Industries Ltd. (OTCMKTS:TMTNF) Receives Average Rating of “Moderate Buy” from Brokerages

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

Several equities research analysts have issued reports on TMTNF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a report on Thursday. Finally, TD Securities restated a “buy” rating on shares of Toromont Industries in a report on Monday, May 4th.

Toromont Industries Stock Performance

OTCMKTS TMTNF opened at $169.25 on Tuesday. The stock has a 50-day simple moving average of $157.93 and a 200 day simple moving average of $142.30. The company has a market capitalization of $13.80 billion and a PE ratio of 77.28. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. Toromont Industries has a 12 month low of $90.03 and a 12 month high of $169.25.

Toromont Industries (OTCMKTS:TMTNF) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. The business had revenue of $895.28 million during the quarter, compared to the consensus estimate of $842.94 million. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.

About Toromont Industries

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.