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A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Forget NVDA. Buy this A.I. stock instead (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Forget NVDA. Buy this A.I. stock instead (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Forget NVDA. Buy this A.I. stock instead (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
TSE:TIH

Toromont Industries (TIH) Stock Forecast, Price & News

C$111.14
+0.10 (+0.09%)
(As of 09/22/2023 ET)
Compare
Today's Range
C$111.00
C$111.90
50-Day Range
C$107.20
C$115.87
52-Week Range
C$94.76
C$117.13
Volume
52,562 shs
Average Volume
117,704 shs
Market Capitalization
C$9.13 billion
P/E Ratio
18.01
Dividend Yield
1.55%
Price Target
C$125.86

Toromont Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.2% Upside
C$125.86 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$56,150 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars


TIH stock logo

About Toromont Industries (TSE:TIH) Stock

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. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. The company was founded in 1961 and is based in Concord, Canada.

TIH Price History

TIH Stock News Headlines

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Dozens of 100% - 1,000% opportunities over the last decade have led to this one under-the-radar A.I. stock... MORE HERE...
Toromont Industries declares CAD 0.43 dividend
Toromont Industries Earnings Preview
TIH.TO - Toromont Industries Ltd.
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TOROMONT ANNOUNCES SALE OF AGWEST LTD.
See More Headlines
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TIH Company Calendar

Ex-Dividend for 7/5 Dividend
6/08/2023
Dividend Payable
7/05/2023
Last Earnings
7/26/2023
Ex-Dividend for 10/4 Dividend
9/07/2023
Today
9/24/2023
Dividend Payable
10/04/2023
Next Earnings (Estimated)
11/07/2023

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
6,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$125.86
High Stock Price Forecast
C$131.00
Low Stock Price Forecast
C$115.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
C$512.36 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.55 billion
Cash Flow
C$10.43 per share
Book Value
C$30.03 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.13 billion
Optionable
Not Optionable
Beta
0.77
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Key Executives

  • Mr. Scott J. Medhurst (Age 61)
    CEO, Pres & Director
    Comp: $2.5M
  • Mr. Michael Stanley Howie McMillan
    Exec. VP & CFO
  • Mr. Michael P. Cuddy
    Chief Information Officer & VP
  • Mr. Miles Sean Ryan Gregg
    Pres of Toromont Cat Construction Division
  • Mr. William Harvey
    Pres of Toromont Cat Mining Division
  • Ms. Lynn M. Korbak
    Gen. Counsel & Corp. Sec.
  • Ms. Isabelle Leclerc
    VP of HR
  • Mr. Joel Couture
    Chief Operating Officer - Toromont Cat
  • Mr. David Alan Malinauskas
    Pres of CIMCO Refrigeration
  • Mr. Colin Goheen
    Pres of Battlefield Equipment Rentals













TIH Stock - Frequently Asked Questions

Should I buy or sell Toromont Industries stock right now?

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.

What is Toromont Industries' stock price forecast for 2023?

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.

How have TIH shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Toromont Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TIH earnings forecast
.

How were Toromont Industries' earnings last quarter?

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%.

How often does Toromont Industries pay dividends? What is the dividend yield for Toromont Industries?

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
.

Is Toromont Industries a good dividend stock?

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.

What other stocks do shareholders of Toromont Industries own?

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).

What is Toromont Industries' stock symbol?

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

How do I buy shares of Toromont Industries?

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.
Compare Top Brokerages Here.

What is Toromont Industries' stock price today?

One share of TIH stock can currently be purchased for approximately C$111.14.

How much money does Toromont Industries make?

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.

How many employees does Toromont Industries have?

The company employs 6,800 workers across the globe.

How can I contact Toromont Industries?

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.

This page (TSE:TIH) was last updated on 9/24/2023 by MarketBeat.com Staff

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