Toromont Industries (TSE:TIH - Get Free Report) had its target price raised by equities researchers at BMO Capital Markets from C$134.00 to C$138.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 13.96% from the stock's current price.
Several other analysts also recently commented on TIH. Royal Bank of Canada reduced their target price on shares of Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. National Bank Financial raised shares of Toromont Industries from a "hold" rating to a "strong-buy" rating in a report on Sunday, December 15th. Scotiabank reduced their target price on shares of Toromont Industries from C$136.00 to C$132.00 in a report on Wednesday, November 6th. CIBC lifted their target price on shares of Toromont Industries from C$128.00 to C$129.00 in a report on Monday, February 3rd. Finally, Raymond James reduced their target price on shares of Toromont Industries from C$132.00 to C$122.00 in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$136.06.
Check Out Our Latest Research Report on TIH
Toromont Industries Stock Performance
Shares of TIH traded down C$1.81 during midday trading on Wednesday, reaching C$121.10. The stock had a trading volume of 102,352 shares, compared to its average volume of 151,464. The firm has a 50 day simple moving average of C$115.72 and a 200-day simple moving average of C$121.02. 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 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 company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04.
Insider Activity
In other news, Director Jeffrey Scott Chisholm bought 4,500 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. Corporate insiders own 0.27% of the company's stock.
Toromont Industries Company Profile
(
Get Free Report)
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.
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