Toromont Industries Ltd (TSE:TIH) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of C$0.63 per share for the quarter.

Toromont Industries Ltd (TSE:TIH) opened at 56.62 on Tuesday. The stock’s 50 day moving average is $56.77 and its 200-day moving average is $49.52. The firm has a market cap of $4.44 billion and a price-to-earnings ratio of 27.92. Toromont Industries Ltd has a one year low of $39.01 and a one year high of $58.44.

COPYRIGHT VIOLATION WARNING: “Toromont Industries Ltd (TIH) Set to Announce Quarterly Earnings on Tuesday” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/31/toromont-industries-ltd-tih-set-to-announce-quarterly-earnings-on-tuesday.html.

Several equities analysts recently commented on the stock. TD Securities increased their target price on shares of Toromont Industries from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Thursday, July 27th. National Bank Financial lowered shares of Toromont Industries from an “outperform” rating to a “sector perform” rating and set a C$60.00 target price on the stock. in a report on Sunday, October 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a C$58.00 target price on shares of Toromont Industries in a report on Monday, October 16th. Raymond James Financial, Inc. increased their target price on shares of Toromont Industries from C$55.00 to C$58.50 and gave the company an “outperform” rating in a report on Tuesday, August 29th. Finally, Scotiabank increased their target price on shares of Toromont Industries from C$47.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$55.94.

In other Toromont Industries news, Director Randall Casson sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$53.60, for a total value of C$428,800.00. Also, insider David Allan Malinauskas sold 5,400 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$57.60, for a total transaction of C$311,040.00. In the last ninety days, insiders have sold 35,348 shares of company stock worth $1,936,950.

Toromont Industries Company Profile

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.

Receive News & Ratings for Toromont Industries Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries Ltd and related companies with MarketBeat.com's FREE daily email newsletter.