Toromont Industries (TSE:TIH) PT Lowered to C$137.00

Toromont Industries (TSE:TIH) had its price target dropped by analysts at Royal Bank of Canada from C$140.00 to C$137.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.04% from the company’s previous close.

A number of other brokerages also recently issued reports on TIH. Scotiabank lifted their price target on Toromont Industries from C$125.00 to C$133.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Canaccord Genuity Group upped their price objective on Toromont Industries from C$123.00 to C$138.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Raymond James raised their price objective on Toromont Industries from C$125.00 to C$135.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. National Bankshares reduced their price target on shares of Toromont Industries from C$137.00 to C$132.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, BMO Capital Markets lifted their price target on shares of Toromont Industries from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Toromont Industries has an average rating of “Moderate Buy” and an average target price of C$132.75.

Toromont Industries Stock Down 0.4 %

TSE:TIH traded down C$0.43 on Friday, hitting C$122.28. The stock had a trading volume of 114,517 shares, compared to its average volume of 98,623. The business’s fifty day moving average is C$128.32 and its 200 day moving average is C$119.24. The company has a market cap of C$10.06 billion, a PE ratio of 19.17, a P/E/G ratio of 3.72 and a beta of 0.72. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 25.41. Toromont Industries has a 52 week low of C$100.81 and a 52 week high of C$135.53.

Toromont Industries (TSE:TIH) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$1.86 EPS for the quarter, topping the consensus estimate of C$1.73 by C$0.13. The firm had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.19 billion. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. On average, equities research analysts expect that Toromont Industries will post 6.3025012 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toromont Industries news, Director David Allan Malinauskas sold 8,700 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of C$125.25, for a total value of C$1,089,675.00. In other news, Director David Allan Malinauskas sold 8,700 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$125.25, for a total value of C$1,089,675.00. Also, Senior Officer Jennifer Cochrane sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$125.00, for a total transaction of C$375,000.00. In the last ninety days, insiders sold 21,700 shares of company stock worth $2,727,180. 0.27% of the stock is currently owned by corporate insiders.

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 engages 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.