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

Toromont Industries Ltd. (TSE:TIH) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$135.00.

A number of equities research analysts have issued reports on the stock. CIBC lifted their target price on shares of Toromont Industries from C$127.00 to C$128.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. National Bankshares reduced their price objective on Toromont Industries from C$135.00 to C$132.00 in a research report on Tuesday, November 5th. Scotiabank dropped their target price on Toromont Industries from C$136.00 to C$132.00 in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their price target on Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. Finally, Raymond James dropped their price objective on Toromont Industries from C$132.00 to C$122.00 in a report on Wednesday, November 6th.

Insider Activity

In related news, Director Jeffrey Scott Chisholm bought 4,500 shares of Toromont Industries stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is currently owned by insiders.

Toromont Industries Trading Up 0.1 %

TSE TIH opened at C$112.93 on Wednesday. The firm’s 50 day moving average price is C$115.72 and its two-hundred day moving average price is C$121.88. The stock has a market cap of C$9.25 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 3.72 and a beta of 0.68. Toromont Industries has a twelve month low of C$109.83 and a twelve month high of C$135.53. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64.

Toromont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, January 6th were given a $0.48 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a yield of 1.70%. Toromont Industries’s payout ratio is 30.62%.

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.