Raymond James Financial Forecasts Strong Price Appreciation for Toromont Industries (TSE:TIH) Stock

Toromont Industries (TSE:TIH) had its price objective increased by investment analysts at Raymond James Financial from C$172.00 to C$180.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective would indicate a potential downside of 12.17% from the company’s previous close.

A number of other brokerages have also weighed in on TIH. Canaccord Genuity Group lifted their price target on shares of Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a report on Monday, November 3rd. BMO Capital Markets increased their target price on Toromont Industries from C$196.00 to C$210.00 in a research report on Thursday. Canadian Imperial Bank of Commerce lifted their target price on Toromont Industries from C$172.00 to C$180.00 in a report on Friday, February 6th. Scotiabank upped their price target on Toromont Industries from C$171.00 to C$175.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd. Finally, TD Securities raised their price objective on Toromont Industries from C$180.00 to C$195.00 in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$190.38.

Toromont Industries Stock Up 3.9%

TIH opened at C$204.93 on Thursday. Toromont Industries has a 12 month low of C$107.32 and a 12 month high of C$205.04. The business has a 50-day moving average of C$173.26 and a two-hundred day moving average of C$160.07. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The stock has a market capitalization of C$16.69 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 3.72 and a beta of 0.52.

Toromont Industries (TSE:TIH) last released its earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share (EPS) for the quarter. Toromont Industries had a net margin of 10.09% and a return on equity of 17.74%. The business had revenue of C$1.42 billion for the quarter. On average, research analysts expect that Toromont Industries will post 6.5892495 earnings per share for the current year.

Insider Buying and Selling at Toromont Industries

In other news, insider Jennifer Cochrane sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of C$165.00, for a total transaction of C$825,000.00. Following the completion of the sale, the insider directly owned 12,012 shares in the company, valued at C$1,981,980. This trade represents a 29.39% decrease in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

Key Headlines Impacting Toromont Industries

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 beat and dividend streak: Coverage highlights Toromont’s Q4 outperformance and its 37th consecutive dividend increase, reinforcing income and growth narratives that support a higher multiple. Article Title
• Positive Sentiment: BMO Capital raised its price target from C$196 to C$210, implying roughly a mid‑single‑digit upside vs recent levels — a bullish signal from a major Canadian bank on execution and margin outlook. Article Title
• Positive Sentiment: RBC raised its target from C$180 to C$207, now implying upside versus the recent price and reinforcing institutional confidence in Toromont’s model. Article Title
• Neutral Sentiment: Canaccord raised its target to C$200 (from C$172) but that level sits roughly in line/just below the recent trading level, signaling recognition of progress but a more conservative view on valuation upside. Article Title Article Title
• Negative Sentiment: Raymond James raised its target to C$180 from C$172, but that level implies roughly mid‑single‑digit downside versus recent trading, suggesting some analysts remain cautious on near‑term valuation despite the operational beat. Article Title
• Neutral Sentiment: For context, Toromont’s fundamentals show solid margins (net margin ~10%), ROE near 18%, trailing EPS of C$1.92 for the quarter and analyst consensus pointing to continued earnings growth — factors supporting a premium multiple but keeping valuations under scrutiny.
• Neutral Sentiment: Earnings call transcript is available for deeper read on management’s outlook and guidance; investors should review margins, backlog, and capital allocation commentary for signals on sustainability of growth. Article Title

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.