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

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of brokerages recently weighed in on TMTNF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday, June 18th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a report on Thursday, June 18th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th.

Toromont Industries Stock Performance

OTCMKTS TMTNF opened at $160.59 on Friday. Toromont Industries has a 12 month low of $93.98 and a 12 month high of $169.25. The stock has a 50-day simple moving average of $161.27 and a 200 day simple moving average of $147.28. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $13.09 billion and a PE ratio of 73.33.

Toromont Industries (OTCMKTS:TMTNF) last issued 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 analysts’ expectations of $842.94 million. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.

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.