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

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of analysts recently weighed in on TMTNF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. TD Securities restated a “buy” rating on shares of Toromont Industries in a research report on Tuesday, February 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. Finally, Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th.

Toromont Industries Stock Performance

Shares of TMTNF opened at $147.02 on Friday. The stock’s 50-day simple moving average is $135.68 and its 200 day simple moving average is $121.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86. Toromont Industries has a 52-week low of $76.05 and a 52-week high of $154.78.

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

About Toromont Industries

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.