Toromont Industries (TIH) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TIH shares.
View TIH analyst ratings or view top-rated stocks.

6 brokerages have issued 12-month price targets for Toromont Industries' shares. Their TIH share price forecasts range from C$115.00 to C$131.00. On average, they anticipate the company's share price to reach C$125.86 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for TIH or view top-rated stocks among Wall Street analysts.

Toromont Industries' stock was trading at C$97.71 at the start of the year. Since then, TIH stock has increased by 13.7% and is now trading at C$111.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TIH earnings forecast.

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.26. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Toromont Industries had a net margin of 11.38% and a trailing twelve-month return on equity of 22.59%.

Toromont Industries announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Wednesday, October 4th will be paid a dividend of 0.43 per share on Wednesday, October 4th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for TIH.

Toromont Industries (TSE:TIH) pays an annual dividend of C$1.72 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 27.88%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TIH.

Based on aggregate information from My MarketBeat watchlists, some companies that other Toromont Industries investors own include National Bank of Canada (NA), Bank of Nova Scotia (BNS), Dollarama (DOL), Enerflex (EFX), Alimentation Couche-Tard (ATD.B), BRP (DOO), Exchange Income (EIF), Fortis (FTS), CGI (GIB.A) and Inter Pipeline (IPL).

Toromont Industries trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TIH."

Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of TIH stock can currently be purchased for approximately C$111.14.

Toromont Industries (TSE:TIH) has a market capitalization of C$9.13 billion and generates C$4.55 billion in revenue each year. The company earns C$512.36 million in net income (profit) each year or C$6.17 on an earnings per share basis.

The company employs 6,800 workers across the globe.

Toromont Industries' mailing address is 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada. The official website for the company is www.toromont.com. The company can be reached via phone at +1-416-6675511.