Toromont Industries (TSE:TIH – Get Free Report) had its target price dropped by analysts at National Bankshares from C$137.00 to C$132.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 7.95% from the company’s previous close.
A number of other analysts have also recently commented on TIH. Scotiabank lifted their price target on Toromont Industries from C$125.00 to C$133.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their target price on Toromont Industries from C$125.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TD Securities reduced their price target on shares of Toromont Industries from C$145.00 to C$140.00 and set a “buy” rating for the company in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of Toromont Industries from C$123.00 to C$138.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Raymond James raised their target price on shares of Toromont Industries from C$125.00 to C$135.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Toromont Industries presently has an average rating of “Moderate Buy” and a consensus price target of C$132.75.
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Toromont Industries Stock Down 0.4 %
Shares of TIH stock opened at C$122.28 on Friday. The stock’s fifty day moving average price is C$128.32 and its 200 day moving average price is C$119.31. Toromont Industries has a 1-year low of C$100.81 and a 1-year high of C$135.53. The company has a market cap of C$10.06 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 3.72 and a beta of 0.72. The company has a debt-to-equity ratio of 25.41, a current ratio of 2.64 and a quick ratio of 1.38.
Toromont Industries (TSE:TIH – Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.13. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. The business had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.19 billion. On average, research analysts expect that Toromont Industries will post 6.3025012 earnings per share for the current fiscal year.
Insider Activity
In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$125.00, for a total value of C$375,000.00. In other Toromont Industries news, Director William John Harvey sold 300 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$125.90, for a total value of C$37,770.00. Also, Senior Officer Jennifer Cochrane sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$125.00, for a total transaction of C$375,000.00. Insiders have sold 21,700 shares of company stock worth $2,727,180 in the last quarter. Corporate insiders own 0.27% of the company’s stock.
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.
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Read More: Toromont Industries (TSE:TIH) Price Target Lowered to C$132.00 at National