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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has received an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several research firms recently commented on TMTNF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th.

Toromont Industries Price Performance

Shares of OTCMKTS:TMTNF opened at $146.80 on Monday. The firm has a fifty day moving average price of $157.57 and a two-hundred day moving average price of $154.00. The company has a market cap of $11.97 billion and a price-to-earnings ratio of 44.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68. Toromont Industries has a one year low of $103.27 and a one year high of $169.25.

Toromont Industries (OTCMKTS:TMTNF) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.24. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%. The firm had revenue of $797.03 million for the quarter, compared to analysts’ expectations of $1.04 billion.

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.