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

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

Several equities research analysts recently weighed in on TMTNF shares. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th.

Toromont Industries Price Performance

TMTNF opened at $138.05 on Thursday. Toromont Industries has a 12 month low of $76.05 and a 12 month high of $154.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86. The stock has a market cap of $11.24 billion and a P/E ratio of 100.77. The stock’s 50 day moving average price is $141.79 and its 200 day moving average price is $125.26.

Toromont Industries (OTCMKTS:TMTNF) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.35. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.The company had revenue of $764.29 million during the quarter, compared to analyst estimates of $848.84 million.

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.