Brokerages Set Toromont Industries Ltd. (TSE:TIH) Target Price at C$135.00

Toromont Industries Ltd. (TSE:TIH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$135.00.

Several brokerages recently issued reports on TIH. Royal Bank of Canada cut their price target on shares of Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. Raymond James cut their target price on shares of Toromont Industries from C$132.00 to C$122.00 in a research note on Wednesday, November 6th. National Bankshares decreased their price target on Toromont Industries from C$135.00 to C$132.00 in a research report on Tuesday, November 5th. National Bank Financial upgraded Toromont Industries from a "hold" rating to a "strong-buy" rating in a research report on Sunday, December 15th. Finally, CIBC boosted their price objective on Toromont Industries from C$127.00 to C$128.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th.

Insider Buying and Selling at Toromont Industries

In other news, Director Jeffrey Scott Chisholm bought 4,500 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of C$111.45 per share, with a total value of C$501,525.00. Insiders own 0.27% of the company's stock.

Toromont Industries Stock Performance

Shares of TSE:TIH traded down C$0.84 on Friday, hitting C$122.19. 130,354 shares of the company were exchanged, compared to its average volume of 173,154. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64. The company's 50 day moving average price is C$114.59 and its two-hundred day moving average price is C$121.56. Toromont Industries has a one year low of C$109.83 and a one year high of C$135.53. The firm has a market capitalization of C$10.01 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries (TSE:TIH - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported C$1.59 EPS for the quarter, missing analysts' consensus estimates of C$1.67 by C($0.08). Toromont Industries had a net margin of 10.86% and a return on equity of 19.65%. During the same period last year, the business earned $1.76 earnings per share. Research analysts expect that Toromont Industries will post 6.5892495 earnings per share for the current year.

Toromont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, January 6th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.92 annualized dividend and a dividend yield of 1.57%. Toromont Industries's dividend payout ratio is presently 30.62%.

Toromont Industries Company Profile

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.