Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat 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 equities research analysts recently issued reports on TMTNF shares. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. National Bank Financial restated an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th. Finally, TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Tuesday.
Check Out Our Latest Stock Report on TMTNF
Toromont Industries Trading Up 2.0%
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.35. The business had revenue of $764.29 million for the quarter, compared to analysts’ expectations of $848.84 million.
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.
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