Toromont Industries Ltd. (TSE:TIH) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Toromont Industries Ltd. (TSE:TIH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$136.06.

TIH has been the subject of a number of recent research reports. CIBC boosted their price objective on Toromont Industries from C$129.00 to C$131.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. National Bankshares upped their target price on Toromont Industries from C$126.00 to C$133.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Scotiabank upped their target price on Toromont Industries from C$132.00 to C$133.50 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, Raymond James upped their target price on Toromont Industries from C$122.00 to C$130.00 and gave the company a "market perform" rating in a report on Thursday, February 13th.

Toromont Industries Stock Down 0.9 %

TIH traded down C$1.05 during midday trading on Thursday, reaching C$121.64. 94,005 shares of the company were exchanged, compared to its average volume of 148,344. 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's fifty day moving average price is C$116.58 and its 200 day moving average price is C$120.93. The company has a market cap of C$9.92 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. Toromont Industries has a one year low of C$109.83 and a one year high of C$135.53.

Toromont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, January 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, December 6th. Toromont Industries's dividend payout ratio (DPR) is 31.18%.

Insider Buying and Selling at Toromont Industries

In related news, Director Jeffrey Scott Chisholm bought 4,500 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is owned by corporate insiders.

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.