Toromont Industries Ltd. (OTCMKTS:TMTNF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company.

TMTNF has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Friday, October 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research note on Friday, October 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. TD Securities restated a “buy” rating on shares of Toromont Industries in a report on Monday, November 3rd. Finally, National Bankshares restated an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd.

Toromont Industries Stock Down 4.8%

Shares of TMTNF opened at $116.24 on Tuesday. The firm’s 50 day simple moving average is $115.74 and its 200 day simple moving average is $105.77. Toromont Industries has a 1-year low of $76.05 and a 1-year high of $122.16.

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.