Toromont Industries Ltd (TIH) Receives Consensus Rating of “Hold” from Analysts

Shares of Toromont Industries Ltd (TSE:TIH) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$59.63.

Several research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a C$58.00 target price on shares of Toromont Industries in a research note on Monday, October 16th. CIBC upped their target price on Toromont Industries from C$59.00 to C$60.00 in a research note on Monday. Raymond James Financial upped their target price on Toromont Industries from C$58.50 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. National Bank Financial reaffirmed a “sector perform” rating and set a C$60.00 target price on shares of Toromont Industries in a research note on Monday, October 23rd. Finally, Scotiabank upped their target price on Toromont Industries from C$53.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th.

Toromont Industries (TSE TIH) opened at C$55.21 on Tuesday. Toromont Industries has a twelve month low of C$41.10 and a twelve month high of C$58.44. The stock has a market capitalization of $4,470.00, a P/E ratio of 26.93 and a beta of 0.90.

Toromont Industries (TSE:TIH) last announced its earnings results on Tuesday, November 7th. The company reported C$0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.59 by C$0.03. Toromont Industries had a return on equity of 20.99% and a net margin of 8.45%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, January 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, December 7th. Toromont Industries’s payout ratio is 36.59%.

In related news, insider David Wetherald sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$56.75, for a total transaction of C$227,000.00.

TRADEMARK VIOLATION NOTICE: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/16/toromont-industries-ltd-tih-receives-consensus-rating-of-hold-from-analysts.html.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.

Analyst Recommendations for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply