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QQQ   324.13
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DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
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TSE:TIH

Toromont Industries Ltd. (TIH.TO) Stock Forecast, Price & News

C$91.28
+0.47 (+0.52 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
C$89.73
Now: C$91.28
C$91.32
50-Day Range
C$85.37
MA: C$89.26
C$92.95
52-Week Range
C$52.36
Now: C$91.28
C$94.86
Volume124,424 shs
Average Volume132,745 shs
Market CapitalizationC$7.44 billion
P/E Ratio29.54
Dividend Yield1.37%
BetaN/A
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 is involved 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 building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, 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, as well as natural gas compression units, and hydrocarbon and petrochemical process systems. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
Toromont Industries Ltd. (TIH.TO) logo

Industry, Sector and Symbol

Industry Industrial Distribution
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone+1-416-6675511
Employees6,500
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$3.48 billion
Cash FlowC$7.10 per share
Book ValueC$20.60 per share

Profitability

Miscellaneous

Market CapC$7.44 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.30 out of 5 stars

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
C$91.28
+0.47 (+0.52 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Toromont Industries Ltd. (TIH.TO) (TSE:TIH) Frequently Asked Questions

Is Toromont Industries Ltd. (TIH.TO) a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries Ltd. (TIH.TO) 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 "buy" Toromont Industries Ltd. (TIH.TO) stock.
View analyst ratings for Toromont Industries Ltd. (TIH.TO)
or view top-rated stocks.

What stocks does MarketBeat like better than Toromont Industries Ltd. (TIH.TO)?

Wall Street analysts have given Toromont Industries Ltd. (TIH.TO) a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Toromont Industries Ltd. (TIH.TO) wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Toromont Industries Ltd. (TIH.TO)'s next earnings date?

Toromont Industries Ltd. (TIH.TO) is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Toromont Industries Ltd. (TIH.TO)
.

How were Toromont Industries Ltd. (TIH.TO)'s earnings last quarter?

Toromont Industries Ltd. (TIH.TO) (TSE:TIH) issued its earnings results on Tuesday, July, 25th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by $0.04. The firm earned $530.93 million during the quarter, compared to the consensus estimate of $550.60 million.
View Toromont Industries Ltd. (TIH.TO)'s earnings history
.

How has Toromont Industries Ltd. (TIH.TO)'s stock price been impacted by COVID-19?

Toromont Industries Ltd. (TIH.TO)'s stock was trading at C$63.46 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TIH stock has increased by 43.8% and is now trading at C$91.28.
View which stocks have been most impacted by COVID-19
.

How often does Toromont Industries Ltd. (TIH.TO) pay dividends? What is the dividend yield for Toromont Industries Ltd. (TIH.TO)?

Toromont Industries Ltd. (TIH.TO) announced a quarterly dividend on Wednesday, February 10th. Stockholders of record on Tuesday, March 9th will be paid a dividend of 0.31 per share on Thursday, April 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, March 8th.
View Toromont Industries Ltd. (TIH.TO)'s dividend history
.

Is Toromont Industries Ltd. (TIH.TO) a good dividend stock?

Toromont Industries Ltd. (TIH.TO) pays an annual dividend of C$1.24 per share and currently has a dividend yield of 1.37%. The dividend payout ratio of Toromont Industries Ltd. (TIH.TO) is 40.13%. This payout ratio is at a healthy, sustainable level, below 75%.
View Toromont Industries Ltd. (TIH.TO)'s dividend history.

What price target have analysts set for TIH?

6 Wall Street analysts have issued 1 year price objectives for Toromont Industries Ltd. (TIH.TO)'s stock. Their forecasts range from C$95.00 to C$101.00. On average, they anticipate Toromont Industries Ltd. (TIH.TO)'s stock price to reach C$98.00 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
View analysts' price targets for Toromont Industries Ltd. (TIH.TO)
or view top-rated stocks among Wall Street analysts.

Who are Toromont Industries Ltd. (TIH.TO)'s key executives?

Toromont Industries Ltd. (TIH.TO)'s management team includes the following people:
  • Mr. Scott J. Medhurst, CEO, Pres & Director (Age 59, Pay $2.19M)
  • Mr. Michael P. Cuddy, Chief Information Officer & VP
  • Mr. Paul R. Jewer, Exec. VP (Age 57, Pay $1.11M)
  • Mr. Miles Sean Ryan Gregg, Sr. VP of Toromont Cat
  • Mr. Michael Stanley Howie McMillan, Exec. VP & CFO
  • Ms. Lynn M. Korbak, Gen. Counsel & Corp. Sec.
  • Mr. David Alan Malinauskas, Pres of CIMCO Refrigeration
  • Mr. Colin Goheen, Pres of Battlefield Equipment Rentals

Who are some of Toromont Industries Ltd. (TIH.TO)'s key competitors?

What other stocks do shareholders of Toromont Industries Ltd. (TIH.TO) own?

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

What is Toromont Industries Ltd. (TIH.TO)'s stock symbol?

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

How do I buy shares of Toromont Industries Ltd. (TIH.TO)?

Shares of TIH 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 Ltd. (TIH.TO)'s stock price today?

One share of TIH stock can currently be purchased for approximately C$91.28.

How much money does Toromont Industries Ltd. (TIH.TO) make?

Toromont Industries Ltd. (TIH.TO) has a market capitalization of C$7.44 billion and generates C$3.48 billion in revenue each year.

How many employees does Toromont Industries Ltd. (TIH.TO) have?

Toromont Industries Ltd. (TIH.TO) employs 6,500 workers across the globe.

What is Toromont Industries Ltd. (TIH.TO)'s official website?

The official website for Toromont Industries Ltd. (TIH.TO) is www.toromont.com.

Where are Toromont Industries Ltd. (TIH.TO)'s headquarters?

Toromont Industries Ltd. (TIH.TO) is headquartered at 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada.

How can I contact Toromont Industries Ltd. (TIH.TO)?

Toromont Industries Ltd. (TIH.TO)'s mailing address is 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada. The company can be reached via phone at +1-416-6675511.


This page was last updated on 2/25/2021 by MarketBeat.com Staff

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