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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been assigned an average rating of “Moderate Buy” from 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 assigned a buy rating to the company.

Several research firms have recently issued reports on TMTNF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, April 30th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Finally, Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th.

Toromont Industries Price Performance

Shares of TMTNF opened at $156.52 on Tuesday. Toromont Industries has a 52 week low of $89.00 and a 52 week high of $164.63. The firm has a market cap of $12.76 billion and a P/E ratio of 71.47. The firm’s 50-day simple moving average is $155.86 and its 200 day simple moving average is $140.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93.

Toromont Industries (OTCMKTS:TMTNF) last announced its earnings results on Tuesday, April 28th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. The firm had revenue of $895.28 million for the quarter, compared to analyst estimates of $842.94 million. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%.

Toromont Industries Company Profile

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.