Analysts Set Toromont Industries Ltd. (TSE:TIH) Target Price at C$125.86

Shares of Toromont Industries Ltd. (TSE:TIH) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$125.86.

TIH has been the topic of several research reports. Royal Bank of Canada reduced their price target on shares of Toromont Industries from C$133.00 to C$131.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. Raymond James upped their target price on shares of Toromont Industries from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Friday, July 28th.

Toromont Industries Stock Down 0.8 %

Shares of TSE:TIH opened at C$112.41 on Thursday. Toromont Industries has a 52 week low of C$94.76 and a 52 week high of C$117.13. The company has a debt-to-equity ratio of 27.07, a quick ratio of 1.38 and a current ratio of 2.68. The company’s fifty day moving average is C$110.98 and its 200-day moving average is C$108.94. The company has a market capitalization of C$9.24 billion, a PE ratio of 18.25, a P/E/G ratio of 3.72 and a beta of 0.77.

Toromont Industries (TSE:TIH) last issued its quarterly earnings results on Wednesday, July 26th. The company reported C$1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.35 by C$0.26. The business had revenue of C$1.17 billion for the quarter, compared to the consensus estimate of C$1.16 billion. Toromont Industries had a net margin of 11.38% and a return on equity of 22.59%. Equities research analysts predict that Toromont Industries will post 5.8786251 earnings per share for the current fiscal year.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, October 4th will be paid a $0.43 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.53%. Toromont Industries’s dividend payout ratio (DPR) is presently 27.92%.

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.