Toromont Industries Ltd. (OTCMKTS:TMTNF) Given Consensus 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 presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities analysts have recently commented on TMTNF shares. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note 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 reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. Finally, Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at $154.50 on Monday. Toromont Industries has a 52 week low of $80.15 and a 52 week high of $154.78. The business’s fifty day simple moving average is $147.06 and its 200-day simple moving average is $129.86. The firm has a market cap of $12.60 billion and a PE ratio of 112.77. The company has a quick ratio of 1.86, a current ratio of 2.93 and a debt-to-equity ratio of 0.26.

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

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.