Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Rating) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $120.89.
Several research firms have recently weighed in on TMTNF. BMO Capital Markets decreased their price target on shares of Toromont Industries from C$130.00 to C$120.00 in a research note on Thursday, July 28th. Royal Bank of Canada reduced their target price on shares of Toromont Industries from C$129.00 to C$122.00 in a research note on Thursday, July 28th. Canaccord Genuity Group reduced their target price on shares of Toromont Industries from C$130.00 to C$117.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. Scotiabank reduced their target price on shares of Toromont Industries from C$126.00 to C$120.00 in a research note on Monday, July 25th. Finally, National Bank Financial downgraded shares of Toromont Industries from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, July 12th.
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OTCMKTS:TMTNF opened at $84.12 on Friday. The company's 50-day moving average price is $81.46 and its 200-day moving average price is $85.98. Toromont Industries has a twelve month low of $76.15 and a twelve month high of $96.02.
Toromont Industries Company Profile
(Get Rating)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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