Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of analysts recently commented on TMTNF shares. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research note on Wednesday, July 8th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, June 18th.

Toromont Industries Stock Performance

Shares of TMTNF stock opened at $160.59 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The company has a market capitalization of $13.10 billion and a price-to-earnings ratio of 73.33. Toromont Industries has a 52-week low of $93.98 and a 52-week high of $169.25. The company has a 50-day simple moving average of $161.29 and a two-hundred day simple moving average of $147.82.

Toromont Industries (OTCMKTS:TMTNF) last posted its earnings results on Tuesday, April 28th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.56 by $0.26. The firm had revenue of $895.28 million for the quarter, compared to analysts’ expectations of $842.94 million. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%.

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.