Toromont Industries (TSE:TIH - Get Free Report) was upgraded by investment analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research note issued on Sunday, MarketBeat reports.
A number of other equities analysts have also weighed in on TIH. Royal Bank of Canada lowered their price objective on shares of Toromont Industries from C$142.00 to C$138.00 in a research report on Wednesday, November 6th. National Bankshares lowered their target price on Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on Toromont Industries from C$143.00 to C$140.00 in a research note on Wednesday, November 6th. CIBC increased their target price on Toromont Industries from C$127.00 to C$128.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Finally, Raymond James dropped their price target on Toromont Industries from C$132.00 to C$122.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$135.00.
Get Our Latest Analysis on TIH
Toromont Industries Stock Performance
TSE:TIH traded down C$0.97 during mid-day trading on Friday, reaching C$112.30. 375,522 shares of the stock were exchanged, compared to its average volume of 118,646. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08. Toromont Industries has a 1 year low of C$109.83 and a 1 year high of C$135.53. The company has a 50 day simple moving average of C$120.92 and a 200-day simple moving average of C$122.46. The stock has a market capitalization of C$9.20 billion, a P/E ratio of 17.83, a P/E/G ratio of 3.72 and a beta of 0.68.
Insider Activity at Toromont Industries
In other news, Director Jeffrey Scott Chisholm acquired 4,500 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. Insiders own 0.27% of the company's stock.
About Toromont Industries
(
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.
Further Reading
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