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Toromont Industries (TMTNF) Stock Forecast & Price Target

Toromont Industries logo
$78.39 0.00 (0.00%)
(As of 12/20/2024 ET)

Toromont Industries - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
1

Based on 2 Wall Street analysts who have issued ratings for Toromont Industries in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for TMTNF.

Consensus Price Target

$135.00
72.22% Upside
According to the 2 analysts' twelve-month price targets for Toromont Industries, the average price target is $135.00. The highest price target for TMTNF is $135.00, while the lowest price target for TMTNF is $135.00. The average price target represents a forecasted upside of 72.22% from the current price of $78.39.
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TMTNF Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$135.00$135.00$135.00N/A
Forecasted Upside72.22% Upside61.12% Upside41.14% UpsideN/A
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Buy

TMTNF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TMTNF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Toromont Industries Stock vs. The Competition

TypeToromont IndustriesIndustrials CompaniesS&P 500
Consensus Rating Score
2.50
2.73
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside72.22% Upside419.44% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent TMTNF News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/18/2024BMO Capital Markets
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform
4/11/2024Raymond James
4 of 5 stars
 Reiterated RatingOutperform ➝ Market Perform$135.00+39.15%
7/31/2023Royal Bank of Canada
4 of 5 stars
 Lower TargetC$133.00 ➝ C$131.00
7/28/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$125.00 ➝ C$126.00
5/1/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$124.00 ➝ C$126.00
5/1/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$125.00 ➝ C$130.00
2/16/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$111.00 ➝ C$113.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:01 PM ET.


TMTNF Forecast - Frequently Asked Questions

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Toromont Industries is $135.00, with a high forecast of $135.00 and a low forecast of $135.00.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last twelve months. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TMTNF shares.

According to analysts, Toromont Industries's stock has a predicted upside of 72.22% based on their 12-month stock forecasts.

Toromont Industries has been rated by research analysts at BMO Capital Markets in the past 90 days.

Analysts like Toromont Industries less than other "industrials" companies. The consensus rating score for Toromont Industries is 2.50 while the average consensus rating score for "industrials" companies is 2.73. Learn more on how TMTNF compares to other companies.


This page (OTCMKTS:TMTNF) was last updated on 12/22/2024 by MarketBeat.com Staff
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