Toromont Industries (TSE:TIH - Get Free Report) had its target price increased by equities research analysts at National Bankshares from C$126.00 to C$133.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price would suggest a potential upside of 9.83% from the stock's previous close.
A number of other research firms have also commented on TIH. Raymond James raised their price objective on shares of Toromont Industries from C$122.00 to C$130.00 and gave the stock a "market perform" rating in a research note on Thursday. BMO Capital Markets upped their price target on Toromont Industries from C$134.00 to C$138.00 in a research report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a research report on Thursday. Canaccord Genuity Group upped their target price on Toromont Industries from C$130.00 to C$134.00 and gave the company a "buy" rating in a report on Thursday. Finally, Scotiabank raised their price target on shares of Toromont Industries from C$132.00 to C$133.50 and gave the stock a "sector perform" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$136.06.
Check Out Our Latest Research Report on Toromont Industries
Toromont Industries Trading Down 1.5 %
TIH traded down C$1.81 during trading on Thursday, reaching C$121.10. The company had a trading volume of 102,352 shares, compared to its average volume of 151,464. The firm's 50-day simple moving average is C$115.72 and its 200 day simple moving average is C$120.98. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The company has a market cap of C$9.88 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 3.72 and a beta of 0.68. Toromont Industries has a 12-month low of C$109.83 and a 12-month high of C$135.53.
Insiders Place Their Bets
In related news, Director Jeffrey Scott Chisholm purchased 4,500 shares of the stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of C$111.45 per share, for a total transaction of C$501,525.00. Insiders own 0.27% of the company's stock.
About Toromont Industries
(
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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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