Toromont Industries Ltd. (TMTNF) – What Are Analysts Thinking About This Stock?

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Finally, Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th.

Toromont Industries Price Performance

Toromont Industries stock opened at $142.72 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68. The firm has a 50-day moving average of $151.22 and a two-hundred day moving average of $150.40. Toromont Industries has a 1 year low of $112.62 and a 1 year high of $169.25.

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

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.