Should I buy or sell Toromont Industries stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TMTNF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TMTNF, but not buy additional shares or sell existing shares. View TMTNF analyst ratings or view top-rated stocks .

What is Toromont Industries' stock price target for 2024?

1 Wall Street analysts have issued twelve-month target prices for Toromont Industries' shares. Their TMTNF share price targets range from $105.00 to $135.00. On average, they anticipate the company's share price to reach $117.00 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price. View analysts price targets for TMTNF or view top-rated stocks among Wall Street analysts .

How have TMTNF shares performed in 2024?

Toromont Industries' stock was trading at $86.15 at the beginning of the year. Since then, TMTNF stock has increased by 8.3% and is now trading at $93.2579. View the best growth stocks for 2024 here .

Are investors shorting Toromont Industries?

Toromont Industries saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 171,400 shares, an increase of 76.9% from the March 15th total of 96,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1,714.0 days. View Toromont Industries' Short Interest .

When is Toromont Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our TMTNF earnings forecast .

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (OTCMKTS:TMTNF) posted its earnings results on Wednesday, April, 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.02.

Is Toromont Industries a good dividend stock?

Toromont Industries (OTCMKTS:TMTNF) pays an annual dividend of $0.45 per share and currently has a dividend yield of 2.37%. The dividend payout ratio is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%.

How do I buy shares of Toromont Industries?

Shares of TMTNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:TMTNF

Toromont Industries (TMTNF) Stock Price, News & Analysis

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$93.26

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $93.26
▼
$93.26
50-Day Range: $87.61
▼
$97.90
52-Week Range: $76.18
▼
$97.90

Volume: N/A
Average Volume: 2,558 shs
Market Capitalization: N/A

P/E Ratio: 59.30
Dividend Yield: 0.48%
Price Target: $117.00

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

Get Toromont Industries alerts:

Toromont Industries MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 25.5% Upside
$117.00 Price Target
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.63 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Toromont Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Toromont Industries has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Toromont Industries has a short interest ratio ("days to cover") of 1714, which indicates bearish sentiment.
Change versus previous month
Short interest in Toromont Industries has recently increased by 76.88%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Toromont Industries pays a meaningful dividend of 2.37%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Toromont Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Toromont Industries is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TMTNF.

3.1

News and Social Media Coverage

News Sentiment
Toromont Industries has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Toromont Industries this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for TMTNF on MarketBeat in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Toromont Industries insiders have not sold or bought any company stock.
Percentage Held by Institutions
53.32% of the stock of Toromont Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Toromont Industries is 59.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toromont Industries is 59.30, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 403.21.

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About Toromont Industries Stock (OTCMKTS:TMTNF)

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. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.

TMTNF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TMTNF Stock News Headlines

April 14, 2024 | americanbankingnews.com

Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Up 76.9% in March

April 13, 2024 | americanbankingnews.com

Toromont Industries (OTCMKTS:TMTNF) Stock Rating Reaffirmed by Raymond James

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 1, 2024 | finance.yahoo.com

Here's Why Toromont Industries (TSE:TIH) Has Caught The Eye Of Investors

March 18, 2024 | finance.yahoo.com

Is Toromont Industries Ltd.'s (TSE:TIH) Latest Stock Performance A Reflection Of Its Financial Health?

March 3, 2024 | finance.yahoo.com

Is It Smart To Buy Toromont Industries Ltd. (TSE:TIH) Before It Goes Ex-Dividend?

February 21, 2024 | finance.yahoo.com

Toromont Industries' (TSE:TIH) Upcoming Dividend Will Be Larger Than Last Year's

January 23, 2024 | realmoney.thestreet.com

Toromont Industries just downgraded at Scotiabank, here's why

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

January 10, 2024 | seekingalpha.com

TMTNF Toromont Industries Ltd.

December 16, 2023 | finance.yahoo.com

Toromont Industries Ltd. (TSE:TIH) is largely controlled by institutional shareholders who own 50% of the company

November 15, 2023 | finance.yahoo.com

Toromont Industries (TSE:TIH) stock performs better than its underlying earnings growth over last five years

October 30, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2023 AND QUARTERLY DIVIDEND

October 28, 2023 | finance.yahoo.com

Under The Bonnet, Toromont Industries' (TSE:TIH) Returns Look Impressive

September 22, 2023 | finance.yahoo.com

Toromont Announces the Appointment of Chief Executive Officer and Chief Financial Officer

September 18, 2023 | finance.yahoo.com

Toromont Industries Ltd.'s (TSE:TIH) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?

August 10, 2023 | finance.yahoo.com

Is Toromont Industries Ltd. (TSE:TIH) Expensive For A Reason? A Look At Its Intrinsic Value

July 13, 2023 | finance.yahoo.com

TOROMONT TO ANNOUNCE SECOND QUARTER 2023 RESULTS ON JULY 26, 2023

May 4, 2023 | finance.yahoo.com

Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.43

April 29, 2023 | msn.com

Toromont Industries (TMTNF) Declares $0.43 Dividend

April 27, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 2023 AND QUARTERLY DIVIDEND

April 27, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES APPOINTMENT OF MICHAEL MCMILLAN AS PRESIDENT AND CEO FOLLOWING RETIREMENT OF SCOTT MEDHURST

April 18, 2023 | finance.yahoo.com

Here's Why We Think Toromont Industries (TSE:TIH) Is Well Worth Watching

February 17, 2023 | seekingalpha.com

Toromont Industries raises quarterly dividend by 10.3% to CAD 0.43/share

February 16, 2023 | finance.yahoo.com

Toromont Industries Full Year 2022 Earnings: Beats Expectations

February 14, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES 2022 FOURTH QUARTER AND FULL YEAR RESULTS AND INCREASES QUARTERLY DIVIDEND

January 31, 2023 | finance.yahoo.com

TOROMONT TO ANNOUNCE 2022 FULL YEAR AND FOURTH QUARTER RESULTS ON FEBRUARY 14, 2023

See More Headlines

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Company Calendar

Last Earnings: 4/22/2015
Today: 4/19/2024
Next Earnings (Estimated): 4/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Industrials
Industry: Industrial Distribution
Sub-Industry: N/A
Current Symbol: OTCMKTS:TMTNF
CUSIP: N/A
CIK: N/A
Web: www.toromont.com
Phone: (416) 667-5511
Fax: N/A
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $117.00
High Stock Price Target: $135.00
Low Stock Price Target: $105.00
Potential Upside/Downside: +25.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 59.30
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Michael Stanley Howie McMillan
CEO, President & Director
Mr. Michael P. Cuddy
Chief Information Officer & VP
Mr. Miles Sean Ryan Gregg
President of Toromont Cat Construction Division
Mr. William Harvey
President of Toromont Cat Mining Division
Mr. John Marshall Doolittle (Age 60)
Executive VP & CFO
Ms. Lynn M. Korbak
General Counsel & Corporate Secretary
Ms. Isabelle Leclerc
Vice President of Human Resources
Mr. Joel Couture
Chief Operating Officer - Toromont Cat
Mr. David Alan Malinauskas
President of CIMCO Refrigeration
Mr. Colin Goheen
President of Battlefield Equipment Rentals

Key Competitors

View All Competitors

TMTNF Stock Analysis - Frequently Asked Questions

Should I buy or sell Toromont Industries stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TMTNF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TMTNF, but not buy additional shares or sell existing shares.
View TMTNF analyst ratings or view top-rated stocks.
What is Toromont Industries' stock price target for 2024?: 1 Wall Street analysts have issued twelve-month target prices for Toromont Industries' shares. Their TMTNF share price targets range from $105.00 to $135.00. On average, they anticipate the company's share price to reach $117.00 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
View analysts price targets for TMTNF or view top-rated stocks among Wall Street analysts.
How have TMTNF shares performed in 2024?: Toromont Industries' stock was trading at $86.15 at the beginning of the year. Since then, TMTNF stock has increased by 8.3% and is now trading at $93.2579.
View the best growth stocks for 2024 here.
Are investors shorting Toromont Industries?: Toromont Industries saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 171,400 shares, an increase of 76.9% from the March 15th total of 96,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1,714.0 days.
View Toromont Industries' Short Interest.

When is Toromont Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our TMTNF earnings forecast.
How were Toromont Industries' earnings last quarter?: Toromont Industries Ltd. (OTCMKTS:TMTNF) posted its earnings results on Wednesday, April, 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.02.
Is Toromont Industries a good dividend stock?: Toromont Industries (OTCMKTS:TMTNF) pays an annual dividend of $0.45 per share and currently has a dividend yield of 2.37%. The dividend payout ratio is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%.
How do I buy shares of Toromont Industries?: Shares of TMTNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:TMTNF) was last updated on 4/20/2024 by MarketBeat.com Staff

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Toromont Industries (TMTNF) Stock Price, News & Analysis

Toromont Industries MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Toromont Industries Stock (OTCMKTS:TMTNF)

TMTNF Stock Price History

TMTNF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

TMTNF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™