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

Toromont Industries Ltd. (TSE:TIH) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$198.63.

A number of research firms have weighed in on TIH. Canadian Imperial Bank of Commerce lifted their price objective on shares of Toromont Industries from C$172.00 to C$180.00 in a report on Friday, February 6th. TD Securities raised their target price on Toromont Industries from C$195.00 to C$228.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted their price target on Toromont Industries from C$180.00 to C$207.00 in a research note on Thursday, February 12th. BMO Capital Markets upped their price target on Toromont Industries from C$196.00 to C$210.00 in a report on Thursday, February 12th. Finally, Canaccord Genuity Group increased their price target on Toromont Industries from C$172.00 to C$200.00 in a research report on Friday, February 13th.

Insider Buying and Selling

In other Toromont Industries news, insider Jennifer Cochrane sold 5,000 shares of the company’s 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 completion of the transaction, the insider directly owned 12,012 shares in the company, valued at approximately C$1,981,980. This represents a 29.39% decrease in their ownership of the stock. Insiders own 0.27% of the company’s stock.

Toromont Industries Stock Down 0.0%

Shares of TIH opened at C$211.70 on Monday. The company has a market capitalization of C$17.24 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.72 and a beta of 0.52. Toromont Industries has a 52 week low of C$107.32 and a 52 week high of C$213.55. The stock’s 50-day moving average price is C$181.57 and its 200-day moving average price is C$164.90. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04.

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

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Toromont Industries’s dividend payout ratio (DPR) is currently 34.27%.

Toromont Industries Company Profile

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.