Toromont Industries (TSE:TIH) PT Lowered to C$128.00

Toromont Industries (TSE:TIH) had its price target reduced by investment analysts at CIBC from C$130.00 to C$128.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 4.68% from the company’s current price.

TIH has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on shares of Toromont Industries from C$140.00 to C$137.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities decreased their price objective on shares of Toromont Industries from C$145.00 to C$140.00 and set a “buy” rating for the company in a research report on Friday. Canaccord Genuity Group lifted their price target on Toromont Industries from C$123.00 to C$138.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Raymond James cut their price objective on Toromont Industries from C$135.00 to C$132.00 and set a “market perform” rating for the company in a research report on Friday. Finally, BMO Capital Markets increased their target price on Toromont Industries from C$124.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$132.75.

Toromont Industries Stock Down 0.4 %

TSE:TIH opened at C$122.28 on Friday. The company has a debt-to-equity ratio of 25.41, a current ratio of 2.64 and a quick ratio of 1.38. The company’s fifty day moving average price is C$128.32 and its 200-day moving average price is C$119.31. Toromont Industries has a 1-year low of C$100.81 and a 1-year high of C$135.53. The firm has a market capitalization of C$10.06 billion, a P/E ratio of 19.17, a PEG ratio of 3.72 and a beta of 0.72.

Toromont Industries (TSE:TIH) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$1.86 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.73 by C$0.13. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. The business had revenue of C$1.23 billion during the quarter, compared to analyst estimates of C$1.19 billion. As a group, equities research analysts anticipate that Toromont Industries will post 6.3025012 EPS for the current year.

Insider Transactions at Toromont Industries

In other news, Senior Officer Jennifer Cochrane sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total value of C$384,000.00. In other news, Director William John Harvey sold 300 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of C$125.90, for a total value of C$37,770.00. Also, Senior Officer Jennifer Cochrane sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total value of C$384,000.00. Insiders sold 21,700 shares of company stock valued at $2,727,180 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Toromont Industries Company Profile

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.