Toromont Industries (TSE:TIH) Price Target Raised to C$130.00

Toromont Industries (TSE:TIH) had its price objective raised by stock analysts at Raymond James from C$122.00 to C$130.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective suggests a potential upside of 5.65% from the stock’s current price.

Several other research analysts have also commented on the stock. Scotiabank reduced their price objective on shares of Toromont Industries from C$136.00 to C$132.00 in a research note on Wednesday, November 6th. BMO Capital Markets upped their price target on shares of Toromont Industries from C$134.00 to C$138.00 in a research note on Wednesday. CIBC upped their price target on shares of Toromont Industries from C$129.00 to C$131.00 and gave the company a “neutral” rating in a research note on Thursday. National Bank Financial upgraded shares of Toromont Industries from a “hold” rating to a “strong-buy” rating in a research note on Sunday, December 15th. Finally, Royal Bank of Canada cut their price target on shares of Toromont Industries from C$142.00 to C$138.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$136.28.

Toromont Industries Stock Up 1.5 %

Shares of TSE TIH traded up C$1.76 during trading hours on Thursday, hitting C$123.05. 55,978 shares of the stock were exchanged, compared to its average volume of 150,807. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. The company has a market cap of C$10.04 billion, a PE ratio of 19.98, a PEG ratio of 3.72 and a beta of 0.68. The firm has a fifty day moving average price of C$115.34 and a 200-day moving average price of C$121.14. Toromont Industries has a 12 month low of C$109.83 and a 12 month high of C$135.53.

Insider Transactions at Toromont Industries

In related news, Director Jeffrey Scott Chisholm acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average cost of C$111.45 per share, with a total value of C$501,525.00. Company insiders own 0.27% of the company’s stock.

About Toromont Industries

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.