Toromont Industries (TSE:TIH) Price Target Raised to C$138.00

Toromont Industries (TSE:TIH) had its price target upped by equities research analysts at BMO Capital Markets from C$134.00 to C$138.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 14.94% from the stock’s current price.

Other equities analysts have also issued reports about the company. National Bankshares cut their price objective on Toromont Industries from C$135.00 to C$132.00 in a research note on Tuesday, November 5th. Raymond James cut their price objective on Toromont Industries from C$132.00 to C$122.00 in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on Toromont Industries from C$142.00 to C$138.00 in a research note on Wednesday, November 6th. CIBC boosted their price target on Toromont Industries from C$128.00 to C$129.00 in a research note on Monday, February 3rd. Finally, National Bank Financial raised Toromont Industries from a “hold” rating to a “strong-buy” rating in a research note on Sunday, December 15th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$134.88.

Toromont Industries Trading Up 2.3 %

Shares of Toromont Industries stock traded up C$2.71 during midday trading on Wednesday, reaching C$120.06. The company had a trading volume of 67,715 shares, compared to its average volume of 150,298. The stock has a fifty day moving average price of C$115.19 and a 200 day moving average price of C$121.13. The company has a debt-to-equity ratio of 24.08, a current ratio of 2.64 and a quick ratio of 1.38. The firm has a market cap of C$9.83 billion, a PE ratio of 19.15, a P/E/G ratio of 3.72 and a beta of 0.68. Toromont Industries has a fifty-two week low of C$109.83 and a fifty-two week high of C$135.53.

Insider Buying and Selling at Toromont Industries

In other news, Director Jeffrey Scott Chisholm purchased 4,500 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$111.45 per share, with a total value of C$501,525.00. Corporate 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.