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

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

A number of brokerages have weighed in on TMTNF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Raymond James Financial upgraded shares of Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th.

Toromont Industries Stock Performance

TMTNF stock opened at $153.35 on Thursday. The stock has a 50-day moving average price of $159.88 and a 200-day moving average price of $151.18. Toromont Industries has a 1-year low of $102.13 and a 1-year high of $169.25. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. The firm has a market cap of $12.51 billion and a PE ratio of 46.75.

Toromont Industries (OTCMKTS:TMTNF) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Toromont Industries had a return on equity of 16.00% and a net margin of 9.25%.The company had revenue of $797.03 million for the quarter, compared to the consensus estimate of $1.04 billion.

Toromont Industries Company Profile

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.