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

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of analysts have recently commented on TMTNF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Thursday, April 30th. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a report on Thursday. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a report on Thursday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th.

Toromont Industries Stock Performance

TMTNF stock opened at $169.25 on Tuesday. The company has a market cap of $13.80 billion and a price-to-earnings ratio of 77.28. The company has a quick ratio of 1.86, a current ratio of 2.93 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $157.42 and a 200-day simple moving average of $141.76. Toromont Industries has a 52 week low of $90.03 and a 52 week high of $169.25.

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

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.