Toromont Industries (OTCMKTS:TMTNF) Hits New 52-Week High – What’s Next?

Toromont Industries Ltd. (OTCMKTS:TMTNF)’s share price reached a new 52-week high on Friday . The stock traded as high as $148.71 and last traded at $148.71, with a volume of 170 shares trading hands. The stock had previously closed at $144.64.

Analyst Ratings Changes

Several research analysts recently issued reports on TMTNF shares. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th. National Bank Financial reissued an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. Finally, TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Toromont Industries currently has an average rating of “Moderate Buy”.

Toromont Industries Price Performance

The company’s 50-day moving average is $128.25 and its 200 day moving average is $116.92.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.02 by $0.35. The company had revenue of $764.29 million for the quarter, compared to analyst estimates of $848.84 million.

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.