Toromont Industries Ltd. (OTCMKTS:TMTNF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities research analysts have weighed in on the stock. National Bankshares reiterated an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research report on Thursday, January 29th.

Toromont Industries Price Performance

TMTNF opened at $134.60 on Wednesday. The firm has a 50 day moving average price of $123.65 and a 200-day moving average price of $114.49. Toromont Industries has a twelve month low of $76.05 and a twelve month high of $134.87.

Toromont Industries Company Profile

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.