Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $134.87 and last traded at $134.60, with a volume of 900 shares trading hands. The stock had previously closed at $127.06.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on TMTNF. National Bankshares reiterated an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research note on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Toromont Industries has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Toromont Industries
Toromont Industries Stock Up 5.9%
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.
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