Toromont Industries (TSE:TIH – Get Free Report) had its price objective lowered by analysts at Royal Bank of Canada from C$140.00 to C$137.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 12.04% from the stock’s previous close.
Several other equities analysts have also commented on TIH. Raymond James upped their price objective on shares of Toromont Industries from C$125.00 to C$135.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Scotiabank upped their price objective on shares of Toromont Industries from C$125.00 to C$133.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. TD Securities decreased their price objective on shares of Toromont Industries from C$145.00 to C$140.00 and set a “buy” rating on the stock in a report on Friday. National Bankshares decreased their price objective on shares of Toromont Industries from C$137.00 to C$132.00 and set an “outperform” rating on the stock in a report on Friday. Finally, CIBC upped their target price on shares of Toromont Industries from C$123.00 to C$130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$132.75.
View Our Latest Analysis on Toromont Industries
Toromont Industries Price Performance
Toromont Industries (TSE:TIH – Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share for the quarter, beating the consensus estimate of C$1.73 by C$0.13. Toromont Industries had a net margin of 11.57% and a return on equity of 21.13%. The company had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.19 billion. Sell-side analysts expect that Toromont Industries will post 6.3025012 EPS for the current year.
Insider Buying and Selling
In other Toromont Industries news, Senior Officer Mike Cuddy sold 4,800 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total value of C$600,480.00. In other Toromont Industries news, Director David Allan Malinauskas sold 8,700 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$125.25, for a total value of C$1,089,675.00. Also, Senior Officer Mike Cuddy sold 4,800 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total transaction of C$600,480.00. Insiders have sold a total of 21,700 shares of company stock valued at $2,727,180 in the last ninety days. Company insiders own 0.27% of the company’s stock.
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.
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