Toromont Industries Ltd. (TSE:TIH - Get Free Report) has received a consensus recommendation of "Hold" from the nine research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$135.00.
TIH has been the subject of several recent research reports. National Bankshares decreased their price objective on Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday, November 5th. Royal Bank of Canada lowered their price target on shares of Toromont Industries from C$142.00 to C$138.00 in a research report on Wednesday, November 6th. Scotiabank cut their price objective on shares of Toromont Industries from C$136.00 to C$132.00 in a report on Wednesday, November 6th. Raymond James lowered their target price on Toromont Industries from C$132.00 to C$122.00 in a report on Wednesday, November 6th. Finally, National Bank Financial downgraded Toromont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st.
Read Our Latest Analysis on Toromont Industries
Toromont Industries Stock Performance
The stock has a market cap of C$9.17 billion, a PE ratio of 17.86, a PEG ratio of 3.72 and a beta of 0.68. Toromont Industries has a 52 week low of C$111.71 and a 52 week high of C$135.53. The business's 50 day moving average price is C$123.25 and its 200-day moving average price is C$122.90. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64.
Toromont Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, January 6th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a yield of ∞. Toromont Industries's dividend payout ratio is currently 30.62%.
Insider Buying and Selling at Toromont Industries
In other news, Senior Officer Miles Sean Ryan Gregg sold 600 shares of the company's 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. Company insiders own 0.27% of the company's stock.
About Toromont Industries
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Get Free ReportToromont 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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