Toromont Industries Ltd. (OTCMKTS:TMTNF) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have assigned an average rating of Moderate Buy to Toromont, with four buy ratings and two holds; RBC, BMO and TD recently reiterated bullish/outperform views while Scotiabank remains at sector perform.
• In its latest quarter Toromont reported EPS of $1.37 versus a $1.02 consensus (a beat) but missed revenue at $764.3M versus $848.8M, and delivered a 16.03% ROE and a 9.56% net margin.
• Shares opened at $154.50, trading near a 52‑week high of $154.78 with 50‑day and 200‑day moving averages of $134.70 and $120.34 respectively, and a 52‑week low of $76.05.

Toromont Industries Ltd. (OTCMKTS:TMTNF - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

TMTNF has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Toromont Industries in a research note on Thursday, February 12th. Scotiabank restated a "sector perform" rating on shares of Toromont Industries in a research report on Thursday, January 29th. BMO Capital Markets reissued an "outperform" rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, TD Securities restated a "buy" rating on shares of Toromont Industries in a research note on Tuesday, February 17th.

Toromont Industries Stock Performance

OTCMKTS:TMTNF opened at $154.50 on Friday. The stock's fifty day moving average is $134.70 and its two-hundred day moving average is $120.34. Toromont Industries has a 52 week low of $76.05 and a 52 week high of $154.78.

Toromont Industries (OTCMKTS:TMTNF - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.35. The company had revenue of $764.29 million during the quarter, compared to the consensus estimate of $848.84 million. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.

About Toromont Industries

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.

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