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

Toromont Industries Ltd. (OTCMKTS:TMTNF) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

TMTNF has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research report on Thursday, January 29th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, TD Securities restated a “buy” rating on shares of Toromont Industries in a research note on Tuesday, February 17th.

Toromont Industries Stock Performance

OTCMKTS:TMTNF opened at $154.50 on Friday. The stock’s fifty day moving average is $134.70 and its two-hundred day moving average is $120.34. Toromont Industries has a 52 week low of $76.05 and a 52 week high of $154.78.

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

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.