Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $122.16, but opened at $116.24. Toromont Industries shares last traded at $116.24, with a volume of 118 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on TMTNF shares. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research note on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. CIBC reiterated a “neutral” rating on shares of Toromont Industries in a research report on Monday, October 20th. National Bankshares reiterated an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Report on Toromont Industries
Toromont Industries Price Performance
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.
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