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

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

TMTNF has been the subject of several research reports. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research report on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Tuesday, February 17th.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at $138.05 on Thursday. The business has a fifty day simple moving average of $141.79 and a 200-day simple moving average of $125.26. Toromont Industries has a fifty-two week low of $76.05 and a fifty-two week high of $154.78. The firm has a market cap of $11.24 billion and a price-to-earnings ratio of 100.77. The company has a quick ratio of 1.86, a current ratio of 2.93 and a debt-to-equity ratio of 0.26.

Toromont Industries (OTCMKTS:TMTNF) last released its earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.35. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.The firm had revenue of $764.29 million for the quarter, compared to analyst estimates of $848.84 million.

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.