Toromont Industries (TSE: TIH) has recently received a number of price target changes and ratings updates:

  • 9/5/2017 – Toromont Industries had its price target raised by analysts at National Bank Financial from C$55.00 to C$60.00. They now have an “outperform” rating on the stock.
  • 8/29/2017 – Toromont Industries had its price target raised by analysts at National Bank Financial from C$52.00 to C$55.00. They now have an “outperform” rating on the stock.
  • 8/29/2017 – Toromont Industries had its price target raised by analysts at Scotiabank from C$47.00 to C$53.00. They now have a “sector perform” rating on the stock.
  • 8/29/2017 – Toromont Industries had its price target raised by analysts at Raymond James Financial, Inc. from C$55.00 to C$58.50. They now have an “outperform” rating on the stock.
  • 8/29/2017 – Toromont Industries had its price target raised by analysts at Canaccord Genuity from C$50.00 to C$58.00. They now have a “buy” rating on the stock.
  • 7/27/2017 – Toromont Industries had its price target raised by analysts at TD Securities from C$47.00 to C$48.00. They now have a “hold” rating on the stock.
  • 7/26/2017 – Toromont Industries had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a C$48.50 price target on the stock.

Shares of Toromont Industries Ltd (TIH) traded down 1.01% during midday trading on Thursday, hitting $52.74. 262,946 shares of the company’s stock were exchanged. The company has a 50-day moving average of $47.06 and a 200-day moving average of $46.74. The firm has a market cap of $4.14 billion and a price-to-earnings ratio of 26.01. Toromont Industries Ltd has a 52 week low of $37.59 and a 52 week high of $56.00.

Toromont Industries (TSE:TIH) last announced its earnings results on Tuesday, July 25th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Toromont Industries had a return on equity of 17.80% and a net margin of 7.62%. The business had revenue of $530.93 million for the quarter, compared to analyst estimates of $550.60 million. Equities research analysts expect that Toromont Industries Ltd will post $2.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, September 7th.

In related news, Director Randall Casson sold 8,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$53.60, for a total transaction of C$428,800.00.

Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.

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