Toromont Industries (TSE:TIH) Price Target Raised to C$130.00 at Raymond James

Toromont Industries (TSE:TIH - Get Free Report) had its target price upped by research analysts at Raymond James from C$122.00 to C$130.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. Raymond James' price objective would indicate a potential upside of 7.35% from the stock's previous close. Raymond James also issued estimates for Toromont Industries' Q2 2025 earnings at $1.60 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.25 EPS and FY2026 earnings at $6.65 EPS.

A number of other equities analysts also recently commented on the company. CIBC lifted their price target on Toromont Industries from C$129.00 to C$131.00 and gave the stock a "neutral" rating in a research note on Thursday. Scotiabank lowered their price target on Toromont Industries from C$136.00 to C$132.00 in a report on Wednesday, November 6th. National Bankshares dropped their price target on Toromont Industries from C$135.00 to C$132.00 in a research report on Tuesday, November 5th. BMO Capital Markets boosted their target price on shares of Toromont Industries from C$134.00 to C$138.00 in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their target price on shares of Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$136.06.

Toromont Industries Stock Down 1.5 %

TIH traded down C$1.81 during trading on Thursday, hitting C$121.10. The company had a trading volume of 102,352 shares, compared to its average volume of 151,464. Toromont Industries has a 1-year low of C$109.83 and a 1-year high of C$135.53. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The company has a market cap of C$9.88 billion, a PE ratio of 19.67, a P/E/G ratio of 3.72 and a beta of 0.68. The business has a 50-day moving average of C$115.72 and a 200-day moving average of C$120.98.

Insider Activity at Toromont Industries

In other Toromont Industries news, Director Jeffrey Scott Chisholm purchased 4,500 shares of Toromont Industries stock in a transaction on Tuesday, December 10th. The stock was bought 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 currently owned by 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.