Toromont Industries Ltd. (TSE:TIH) Receives C$135.00 Average Target Price from Analysts

Shares of Toromont Industries Ltd. (TSE:TIH - Get Free Report) have been given an average rating of "Hold" by the nine brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$135.00.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on Toromont Industries from C$143.00 to C$140.00 in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their price target on Toromont Industries from C$142.00 to C$138.00 in a research note on Wednesday, November 6th. TD Securities boosted their price target on Toromont Industries from C$140.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. National Bankshares dropped their target price on Toromont Industries from C$135.00 to C$132.00 in a research report on Tuesday, November 5th. Finally, National Bank Financial lowered Toromont Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st.

Toromont Industries Stock Performance

TSE TIH traded down C$0.86 on Tuesday, reaching C$118.23. 122,361 shares of the stock were exchanged, compared to its average volume of 108,632. The company's 50-day simple moving average is C$127.07 and its two-hundred day simple moving average is C$124.27. Toromont Industries has a one year low of C$109.50 and a one year high of C$135.53. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 24.08. The firm has a market capitalization of C$9.68 billion, a PE ratio of 18.94, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, December 6th. Toromont Industries's dividend payout ratio (DPR) is 30.62%.

Insider Buying and Selling at Toromont Industries

In other news, Director David Allan Malinauskas sold 2,500 shares of Toromont Industries stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$124.00, for a total value of C$310,000.00. In other Toromont Industries news, Director David Allan Malinauskas sold 2,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$124.00, for a total transaction of C$310,000.00. Also, Senior Officer Miles Sean Ryan Gregg sold 600 shares of Toromont Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$125.19, for a total value of C$75,114.00. 0.27% of the stock is owned by company insiders.

About Toromont Industries

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.