Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Toromont Industries Ltd. (OTCMKTS:TMTNF) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several research firms have recently issued reports on TMTNF. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th.

Toromont Industries Stock Performance

Shares of OTCMKTS TMTNF opened at $147.02 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $137.16 and a 200-day simple moving average of $121.88. The company has a market cap of $11.97 billion and a PE ratio of 107.31. Toromont Industries has a 12-month low of $76.05 and a 12-month high of $154.78.

Toromont Industries (OTCMKTS:TMTNF) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.35. The business had revenue of $764.29 million during the quarter, compared to analyst estimates of $848.84 million. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.

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.