Toromont Industries (TSE:TIH) PT Set at C$250.00 by Stifel Nicolaus

Toromont Industries (TSE:TIH) has been assigned a C$250.00 price target by analysts at Stifel Nicolaus in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.56% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their price target on shares of Toromont Industries from C$240.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets increased their price objective on Toromont Industries from C$247.00 to C$248.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Raymond James Financial raised their price objective on Toromont Industries from C$235.00 to C$250.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Scotiabank raised Toromont Industries from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$238.00 to C$239.00 in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on Toromont Industries from C$256.00 to C$265.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Toromont Industries presently has a consensus rating of “Moderate Buy” and an average price target of C$247.20.

Toromont Industries Trading Down 0.2%

Shares of TIH opened at C$226.12 on Wednesday. Toromont Industries has a 1-year low of C$152.68 and a 1-year high of C$243.50. The company has a 50-day moving average of C$211.03 and a 200 day moving average of C$213.94. The firm has a market capitalization of C$18.44 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 3.72 and a beta of 0.94. The company has a debt-to-equity ratio of 24.76, a current ratio of 2.73 and a quick ratio of 1.38.

Toromont Industries (TSE:TIH) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$2.20 earnings per share (EPS) for the quarter. The company had revenue of C$1.60 billion during the quarter. Toromont Industries had a net margin of 9.26% and a return on equity of 15.53%. On average, research analysts expect that Toromont Industries will post 6.5892495 EPS for the current year.

Toromont Industries Company Profile

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.