Raymond James Financial Raises Toromont Industries (TSE:TIH) Price Target to C$150.00

Toromont Industries (TSE:TIH) had its target price increased by research analysts at Raymond James Financial from C$125.00 to C$150.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price objective would suggest a potential downside of 7.74% from the stock’s current price. Raymond James Financial also issued estimates for Toromont Industries’ Q4 2025 earnings at $1.97 EPS and FY2025 earnings at $6.12 EPS.

TIH has been the topic of several other reports. Canaccord Genuity Group upped their target price on Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a research report on Monday. TD Securities upped their target price on Toromont Industries from C$154.00 to C$179.00 in a research report on Friday, October 17th. Scotiabank upped their target price on Toromont Industries from C$140.00 to C$171.00 in a research report on Friday, October 17th. CIBC upped their target price on Toromont Industries from C$148.00 to C$168.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, National Bankshares upped their target price on Toromont Industries from C$164.00 to C$176.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Toromont Industries presently has an average rating of “Moderate Buy” and an average target price of C$172.88.

Toromont Industries Price Performance

TSE TIH opened at C$162.59 on Monday. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The stock’s fifty day moving average price is C$153.69 and its 200 day moving average price is C$135.34. Toromont Industries has a 1 year low of C$107.32 and a 1 year high of C$168.56. The company has a market cap of C$13.23 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.72 and a beta of 0.58.

Insider Buying and Selling at Toromont Industries

In other Toromont Industries news, Director David Allan Malinauskas sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$146.10, for a total value of C$876,600.00. Also, insider Mike Cuddy sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$146.00, for a total transaction of C$1,095,000.00. Following the completion of the sale, the insider directly owned 36,955 shares in the company, valued at approximately C$5,395,430. The trade was a 16.87% decrease in their ownership of the stock. 0.27% of the stock is currently owned by corporate insiders.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.