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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities analysts recently weighed in on TMTNF shares. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Tuesday, February 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research report on Wednesday. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research report on Thursday. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research report on Thursday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday.

Toromont Industries Price Performance

OTCMKTS:TMTNF opened at $158.00 on Monday. The business’s 50-day moving average price is $147.64 and its 200 day moving average price is $131.01. The firm has a market cap of $12.88 billion and a P/E ratio of 115.33. Toromont Industries has a 52-week low of $80.15 and a 52-week high of $158.00. 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, 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 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.