Toromont Industries (TSE:TIH) had its price target reduced by Royal Bank of Canada from C$64.00 to C$62.00 in a research report released on Wednesday. They currently have a sector perform rating on the stock.

TIH has been the subject of a number of other research reports. National Bank Financial boosted their price target on shares of Toromont Industries from C$63.00 to C$68.00 and gave the company an outperform rating in a research note on Thursday, July 26th. BMO Capital Markets decreased their price target on shares of Toromont Industries from C$72.00 to C$70.00 and set an average rating for the company in a research note on Wednesday. Raymond James boosted their price target on shares of Toromont Industries from C$67.00 to C$71.00 and gave the company an outperform rating in a research note on Thursday, July 26th. TD Securities boosted their price target on shares of Toromont Industries from C$67.00 to C$70.00 and gave the company a buy rating in a research note on Thursday, July 26th. Finally, CIBC boosted their price target on shares of Toromont Industries from C$61.00 to C$64.00 in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$66.25.

Shares of TIH stock opened at C$58.72 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 61.43. Toromont Industries has a 12 month low of C$46.24 and a 12 month high of C$68.11.

Toromont Industries Company Profile

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in a variety of applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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Analyst Recommendations for Toromont Industries (TSE:TIH)

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