Toromont Industries (TSE:TIH) had its price objective hoisted by National Bank Financial from C$71.00 to C$79.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Toromont Industries’ FY2019 earnings at $3.54 EPS and FY2020 earnings at $3.94 EPS.
A number of other research analysts have also weighed in on TIH. Raymond James reissued an outperform rating and set a C$75.00 target price on shares of Toromont Industries in a report on Friday, July 26th. TD Securities boosted their target price on Toromont Industries from C$74.00 to C$76.00 and gave the stock a buy rating in a report on Wednesday. Royal Bank of Canada boosted their target price on Toromont Industries from C$64.00 to C$70.00 and gave the stock a sector perform rating in a report on Wednesday. Canaccord Genuity boosted their target price on Toromont Industries from C$62.00 to C$64.00 and gave the stock a hold rating in a report on Friday, July 26th. Finally, CIBC boosted their target price on Toromont Industries from C$68.00 to C$69.00 in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of C$72.00.
TIH stock opened at C$70.80 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.61 and a debt-to-equity ratio of 49.44. The firm has a market capitalization of $5.67 billion and a PE ratio of 21.53. Toromont Industries has a 1-year low of C$51.02 and a 1-year high of C$71.15. The business’s 50 day simple moving average is C$65.38 and its 200 day simple moving average is C$63.54.
In other Toromont Industries news, Director David Allan Malinauskas sold 1,800 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$63.50, for a total value of C$114,300.00. Following the transaction, the director now directly owns 2,070 shares of the company’s stock, valued at approximately C$131,445. Also, Senior Officer Paul Randolph Jewer sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$63.13, for a total value of C$63,130.00. Following the completion of the transaction, the insider now directly owns 9,000 shares in the company, valued at C$568,170. Insiders have sold a total of 3,100 shares of company stock worth $196,935 over the last three months.
About Toromont Industries
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 various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.