Raymond James Has Lowered Expectations for Toromont Industries (TSE:TIH) Stock Price

Toromont Industries (TSE:TIH) had its target price cut by stock analysts at Raymond James from C$130.00 to C$122.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 9.96% from the company’s previous close. Raymond James also issued estimates for Toromont Industries’ Q2 2025 earnings at $1.45 EPS, Q3 2025 earnings at $1.54 EPS and Q4 2025 earnings at $1.85 EPS.

A number of other brokerages also recently commented on TIH. CIBC decreased their target price on Toromont Industries from C$130.00 to C$120.00 and set a “neutral” rating for the company in a research note on Friday. Canaccord Genuity Group boosted their price objective on Toromont Industries from C$130.00 to C$134.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Scotiabank upped their price objective on Toromont Industries from C$132.00 to C$133.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their target price on Toromont Industries from C$138.00 to C$139.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, National Bankshares upped their price target on shares of Toromont Industries from C$126.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$130.50.

Toromont Industries Trading Down 0.4 %

Toromont Industries stock opened at C$110.95 on Friday. Toromont Industries has a 1 year low of C$107.32 and a 1 year high of C$134.88. The firm’s 50-day moving average is C$114.68 and its 200-day moving average is C$117.09. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The company has a market cap of C$9.05 billion, a P/E ratio of 18.02, a PEG ratio of 3.72 and a beta of 0.68.

Insider Buying and Selling

In related news, Senior Officer Jennifer Cochrane sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$115.00, for a total transaction of C$575,000.00. Insiders sold 10,200 shares of company stock valued at $1,204,504 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Toromont Industries Company Profile

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.