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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of brokerages have commented on TMTNF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. National Bankshares restated an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a report on Monday, November 3rd. CIBC reissued a “neutral” rating on shares of Toromont Industries in a research report on Monday, October 20th. Finally, Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Friday, October 17th.

Toromont Industries Price Performance

OTCMKTS TMTNF opened at $121.76 on Tuesday. Toromont Industries has a 1-year low of $76.05 and a 1-year high of $122.16. The stock has a 50-day moving average of $116.31 and a 200-day moving average of $106.57.

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.