Toromont Industries Ltd. (OTCMKTS:TMTNF) Stock Rated “Moderate Buy” by Wall Street Brokerages

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several equities research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, Raymond James Financial raised Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th.

Toromont Industries Stock Up 0.4%

TMTNF stock opened at $159.03 on Friday. The stock has a market capitalization of $12.98 billion and a PE ratio of 48.48. The company has a fifty day moving average of $151.23 and a 200-day moving average of $153.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73. Toromont Industries has a one year low of $110.93 and a one year high of $169.25.

Toromont Industries (OTCMKTS:TMTNF) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.04 billion.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, refrigeration systems and related services through two principal business groups: the Equipment Group and CIMCO Refrigeration. The company serves customers in industries including construction, mining, infrastructure, natural resources, agriculture, food and beverage, and industrial processing.

Through its Equipment Group, Toromont operates Caterpillar dealerships and offers new and used heavy equipment, engines, power systems, parts, maintenance, repair and equipment rental services.