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

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of research firms have weighed in on TMTNF. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th.

Toromont Industries Trading Up 2.0%

OTCMKTS:TMTNF opened at $141.91 on Monday. The business’s 50-day moving average is $154.73 and its two-hundred day moving average is $153.88. The firm has a market capitalization of $11.57 billion and a PE ratio of 43.27. Toromont Industries has a 12 month low of $105.00 and a 12 month high of $169.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68.

Toromont Industries (OTCMKTS:TMTNF) last issued its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.24. The company had revenue of $797.03 million during the quarter, compared to the consensus estimate of $1.04 billion. Toromont Industries had a return on equity of 15.53% and a net margin of 9.25%.

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.