Toromont Industries Ltd (TIH) Set to Announce Quarterly Earnings on Tuesday
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.
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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.
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