Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Average Rating of “Moderate Buy” by Brokerages

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

TMTNF has been the topic of several research reports. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Tuesday, February 17th.

Toromont Industries Stock Performance

OTCMKTS TMTNF opened at $143.38 on Thursday. The company has a market capitalization of $11.69 billion and a price-to-earnings ratio of 104.66. The company’s 50-day simple moving average is $142.42 and its two-hundred day simple moving average is $125.78. Toromont Industries has a one year low of $76.05 and a one year high of $154.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93.

Toromont Industries (OTCMKTS:TMTNF) last released its earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.35. Toromont Industries had a net margin of 9.56% and a return on equity of 16.03%. The firm had revenue of $764.29 million during the quarter, compared to the consensus estimate of $848.84 million.

Toromont Industries Company Profile

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.