Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Toromont Industries Ltd. (OTCMKTS:TMTNF) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

TMTNF has been the topic of a number of research reports. National Bankshares reiterated an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd. CIBC reiterated a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research report on Friday, October 31st. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research note on Friday, October 17th. Finally, TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note on Monday, November 3rd.

Toromont Industries Price Performance

Shares of TMTNF opened at $116.24 on Tuesday. Toromont Industries has a 52-week low of $76.05 and a 52-week high of $122.16. The business’s 50 day moving average price is $115.74 and its two-hundred day moving average price is $105.77.

About Toromont Industries

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.