Toromont Industries (OTCMKTS:TMTNF) Sets New 52-Week High – Here’s What Happened

Toromont Industries Ltd. (OTCMKTS:TMTNF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $168.72 and last traded at $168.72, with a volume of 100 shares traded. The stock had previously closed at $158.4195.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial upgraded shares of Toromont Industries to a “market perform” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday. TD Securities restated a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, April 30th. Four equities 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, the stock currently has a consensus rating of “Moderate Buy”.

Toromont Industries Price Performance

The firm has a market cap of $13.80 billion and a PE ratio of 77.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The company’s 50-day simple moving average is $157.42 and its two-hundred day simple moving average is $141.76.

Toromont Industries (OTCMKTS:TMTNF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.56 by $0.26. The firm had revenue of $895.28 million during the quarter, compared to the consensus estimate of $842.94 million. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%.

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.