Toromont Industries Ltd. (TMTNF) – What Are Analysts Saying About This Stock?

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of analysts recently commented on the stock. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research note on Thursday, July 30th.

Toromont Industries Trading Down 5.2%

Shares of Toromont Industries stock opened at $142.72 on Tuesday. Toromont Industries has a 52-week low of $112.62 and a 52-week high of $169.25. The stock’s 50-day simple moving average is $151.20 and its 200 day simple moving average is $155.56. The stock has a market capitalization of $11.65 billion and a P/E ratio of 43.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73.

Toromont Industries (OTCMKTS:TMTNF) last issued its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. The firm had revenue of $797.03 million during the quarter, compared to analyst estimates of $1.04 billion. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.