Toromont Industries (TSE:TIH) Stock Price Expected to Rise, National Bank Financial Analyst Says

Toromont Industries (TSE:TIH) had its target price raised by equities research analysts at National Bank Financial from C$214.00 to C$216.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential downside of 0.63% from the stock’s previous close.

TIH has been the topic of a number of other reports. Royal Bank Of Canada increased their target price on shares of Toromont Industries from C$207.00 to C$234.00 and gave the company an “outperform” rating in a research report on Thursday. TD Securities increased their target price on shares of Toromont Industries from C$195.00 to C$228.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Canaccord Genuity Group raised shares of Toromont Industries from a “hold” rating to a “buy” rating and increased their target price for the company from C$200.00 to C$235.00 in a research report on Monday, April 27th. BMO Capital Markets increased their target price on shares of Toromont Industries from C$215.00 to C$228.00 in a research report on Wednesday. Finally, Raymond James Financial increased their target price on shares of Toromont Industries from C$180.00 to C$190.00 and gave the company a “market perform” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Toromont Industries has an average rating of “Moderate Buy” and a consensus price target of C$216.44.

Toromont Industries Stock Performance

Shares of TIH stock opened at C$217.38 on Thursday. The firm’s 50 day moving average price is C$202.94 and its 200-day moving average price is C$181.13. The company has a debt-to-equity ratio of 25.19, a quick ratio of 1.38 and a current ratio of 3.17. Toromont Industries has a one year low of C$108.51 and a one year high of C$217.97. The firm has a market cap of C$17.71 billion, a P/E ratio of 35.81, a P/E/G ratio of 3.72 and a beta of 0.91.

Toromont Industries (TSE:TIH) last announced its quarterly earnings data on Tuesday, April 28th. The company reported C$1.13 EPS for the quarter. The company had revenue of C$1.23 billion for the quarter. Toromont Industries had a net margin of 9.64% and a return on equity of 16.06%. As a group, equities research analysts predict that Toromont Industries will post 6.5892495 EPS for the current year.

Insider Transactions at Toromont Industries

In other Toromont Industries news, Director David Allan Malinauskas sold 972 shares of Toromont Industries stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of C$201.60, for a total transaction of C$195,955.20. Insiders own 0.27% of the company’s stock.

More Toromont Industries News

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$234 and maintains an “outperform” view — a clear bullish signal that helps underpin buying interest. Article Title
• Positive Sentiment: Scotia issued a positive forecast and boosted its target to C$229 (now “sector perform”), reinforcing buy-side momentum from another major bank. Article Title Supplement
• Positive Sentiment: National Bank Financial nudged its target to C$216 and keeps an “outperform” rating, adding incremental analyst support for the stock. Article Title
• Neutral Sentiment: Toromont announced the election of its board of directors — a routine corporate governance update that maintains continuity but is unlikely to move the stock materially on its own. Article Title
• Negative Sentiment: Raymond James raised its target to C$190 but left a “market perform” rating; that target still implies downside versus recent levels and represents the main cautious analyst voice among the recent notes. Article Title

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.