Investment Analysts’ Recent Ratings Changes for Toromont Industries (TIH)

A number of research firms have changed their ratings and price targets for Toromont Industries (TSE: TIH):

• 11/4/2026 – Toromont Industries had its price target raised by Stifel Nicolaus from C$250.00 to C$260.00. They now have a “buy” rating on the stock.
• 11/4/2026 – Toromont Industries had its price target lowered by National Bank Financial from C$261.00 to C$254.00. They now have an “outperform” rating on the stock.
• 11/4/2026 – Toromont Industries had its price target raised by Scotiabank from C$239.00 to C$244.00. They now have a “sector outperform” rating on the stock.
• 11/4/2026 – Toromont Industries had its price target lowered by Canaccord Genuity Group from C$260.00 to C$250.00. They now have a “buy” rating on the stock.
• 11/3/2026 – Toromont Industries was upgraded by Canadian Imperial Bank of Commerce from “hold” to “strong-buy”.
• 11/3/2026 – Toromont Industries had its price target lowered by Royal Bank Of Canada from C$265.00 to C$261.00. They now have an “outperform” rating on the stock.
• 9/30/2026 – Toromont Industries was given a new C$250.00 price target by Stifel Nicolaus. They now have a “buy” rating on the stock.
• 9/28/2026 – Toromont Industries was upgraded by Stifel Nicolaus to “strong-buy”.

Toromont Industries Stock Down 1.1%

Shares of TIH stock traded down C$2.19 during mid-day trading on Tuesday, reaching C$192.40. 122,840 shares of the company were exchanged, compared to its average volume of 283,265. The company has a debt-to-equity ratio of 23.71, a quick ratio of 1.38 and a current ratio of 2.79. The business’s 50 day simple moving average is C$208.56 and its 200 day simple moving average is C$209.82. The company has a market capitalization of C$15.70 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.72 and a beta of 0.67. Toromont Industries Ltd. has a fifty-two week low of C$155.85 and a fifty-two week high of C$243.50.

Toromont Industries (TSE:TIH) last announced its quarterly earnings data on Monday, November 2nd. The company reported C$2.33 earnings per share for the quarter. Toromont Industries had a net margin of 9.60% and a return on equity of 16.55%. The company had revenue of C$1.65 billion during the quarter. Research analysts predict that Toromont Industries Ltd. will post 6.59 earnings per share for the current year.

Toromont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 4th. Toromont Industries’s payout ratio is 31.93%.

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.