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Toromont Industries (TIH) Stock Forecast & Price Target

Toromont Industries logo
C$114.06 +1.38 (+1.22%)
(As of 12/20/2024 05:18 PM 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
4
Buy
5

Based on 9 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 9 analysts, 4 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for TIH.

Consensus Price Target

C$135.00
18.36% Upside
According to the 9 analysts' twelve-month price targets for Toromont Industries, the average price target is C$135.00. The highest price target for TIH is C$150.00, while the lowest price target for TIH is C$122.00. The average price target represents a forecasted upside of 18.36% from the current price of C$114.06.
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TIH Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
7 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$135.00C$135.00C$137.13C$124.38
Forecasted Upside18.36% Upside16.31% Upside5.64% Upside7.56% Upside
Consensus Rating
Moderate Buy
Hold
Moderate Buy
Moderate Buy

TIH 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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TIH 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 Companies
Consensus Rating Score
2.67
2.73
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Positive News

See Recent TIH News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/15/2024National Bank Financial
5 of 5 stars
M. Sytchev
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UpgradeHold ➝ Strong-Buy
12/12/2024CIBC
3 of 5 stars
 Boost TargetNeutralC$127.00 ➝ C$128.00+15.16%
11/6/2024BMO Capital Markets
4 of 5 stars
 Lower TargetC$143.00 ➝ C$140.00+17.15%
11/6/2024Raymond James
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 Lower TargetC$132.00 ➝ C$122.00+2.08%
11/6/2024Royal Bank of Canada
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 Lower TargetC$142.00 ➝ C$138.00+15.47%
11/6/2024Scotiabank
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J. Goldman
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Lower TargetC$136.00 ➝ C$132.00+10.45%
11/5/2024National Bankshares
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 Lower TargetC$135.00 ➝ C$132.00+10.97%
8/1/2024TD Securities
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 Boost TargetBuyC$140.00 ➝ C$150.00+18.67%
2/15/2024Canaccord Genuity Group
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 Boost TargetBuyC$123.00 ➝ C$138.00+10.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:13 PM ET.


TIH Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Toromont Industries is C$135.00, with a high forecast of C$150.00 and a low forecast of C$122.00.

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TIH shares.

According to analysts, Toromont Industries's stock has a predicted upside of 18.36% based on their 12-month stock forecasts.

Over the previous 90 days, Toromont Industries's stock had 2 downgrades and 1 upgrade by analysts.

Toromont Industries has been rated by research analysts at BMO Capital Markets, CIBC, National Bank Financial, National Bankshares, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.

Analysts like Toromont Industries less than other "industrials" companies. The consensus rating score for Toromont Industries is 2.67 while the average consensus rating score for "industrials" companies is 2.73. Learn more on how TIH compares to other companies.


This page (TSE:TIH) was last updated on 12/21/2024 by MarketBeat.com Staff
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