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

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

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

Toromont Industries Price Performance

TMTNF stock opened at $162.17 on Friday. The company’s 50 day moving average price is $150.17 and its 200 day moving average price is $135.30. 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 has a fifty-two week low of $83.10 and a fifty-two week high of $162.17. The firm has a market capitalization of $13.22 billion and a price-to-earnings ratio of 74.05.

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

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.