Canaccord Genuity Group Forecasts Strong Price Appreciation for Toromont Industries (TSE:TIH) Stock

Toromont Industries (TSE:TIH) had its price objective raised by equities researchers at Canaccord Genuity Group from C$172.00 to C$200.00 in a research report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential downside of 2.41% from the stock’s previous close.

TIH has been the topic of a number of other reports. Royal Bank Of Canada upped their target price on shares of Toromont Industries from C$180.00 to C$207.00 in a report on Thursday. BMO Capital Markets boosted their target price on Toromont Industries from C$196.00 to C$210.00 in a report on Thursday. Canadian Imperial Bank of Commerce upped their price objective on shares of Toromont Industries from C$172.00 to C$180.00 in a report on Friday, February 6th. National Bank Financial lifted their target price on shares of Toromont Industries from C$164.00 to C$176.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, TD Securities increased their price target on shares of Toromont Industries from C$180.00 to C$195.00 in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$190.38.

Toromont Industries Price Performance

Shares of TIH stock opened at C$204.93 on Friday. Toromont Industries has a 1 year low of C$107.32 and a 1 year high of C$205.04. The firm has a market capitalization of C$16.69 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.72 and a beta of 0.52. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. The firm’s 50 day moving average is C$173.26 and its 200-day moving average is C$160.26.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share for the quarter. Toromont Industries had a return on equity of 17.74% and a net margin of 10.09%.The firm had revenue of C$1.42 billion during the quarter. Sell-side analysts forecast that Toromont Industries will post 6.5892495 EPS for the current fiscal year.

Insider Activity at Toromont Industries

In other news, insider Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total transaction of C$825,000.00. Following the transaction, the insider owned 12,012 shares in the company, valued at approximately C$1,981,980. The trade was a 29.39% decrease in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

Key Stories Impacting Toromont Industries

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 beat and dividend streak: Coverage highlights Toromont’s Q4 outperformance and its 37th consecutive dividend increase, reinforcing income and growth narratives that support a higher multiple. Article Title
• Positive Sentiment: BMO Capital raised its price target from C$196 to C$210, implying roughly a mid‑single‑digit upside vs recent levels — a bullish signal from a major Canadian bank on execution and margin outlook. Article Title
• Positive Sentiment: RBC raised its target from C$180 to C$207, now implying upside versus the recent price and reinforcing institutional confidence in Toromont’s model. Article Title
• Neutral Sentiment: Canaccord raised its target to C$200 (from C$172) but that level sits roughly in line/just below the recent trading level, signaling recognition of progress but a more conservative view on valuation upside. Article Title Article Title
• Negative Sentiment: Raymond James raised its target to C$180 from C$172, but that level implies roughly mid‑single‑digit downside versus recent trading, suggesting some analysts remain cautious on near‑term valuation despite the operational beat. Article Title
• Neutral Sentiment: For context, Toromont’s fundamentals show solid margins (net margin ~10%), ROE near 18%, trailing EPS of C$1.92 for the quarter and analyst consensus pointing to continued earnings growth — factors supporting a premium multiple but keeping valuations under scrutiny.
• Neutral Sentiment: Earnings call transcript is available for deeper read on management’s outlook and guidance; investors should review margins, backlog, and capital allocation commentary for signals on sustainability of growth. Article Title

About Toromont Industries

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.