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

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several research firms have recently weighed in on TMTNF. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a report on Thursday, June 18th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, June 18th.

Toromont Industries Stock Performance

Shares of OTCMKTS:TMTNF opened at $160.59 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86. Toromont Industries has a 1 year low of $93.98 and a 1 year high of $169.25. The company has a market cap of $13.10 billion and a P/E ratio of 73.33. The stock’s fifty day moving average price is $161.26 and its 200-day moving average price is $147.91.

Toromont Industries (OTCMKTS:TMTNF) last issued its earnings results on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. The business had revenue of $895.28 million during the quarter, compared to analyst estimates 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.