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TSE:TIH

Toromont Industries - TIH Stock Forecast, Price & News

C$103.09
+0.75 (+0.73%)
(As of 12/7/2022 11:39 AM ET)
Add
Compare
Today's Range
C$101.96
C$103.69
50-Day Range
C$96.16
C$105.46
52-Week Range
C$93.25
C$124.25
Volume
16,776 shs
Average Volume
131,742 shs
Market Capitalization
C$8.48 billion
P/E Ratio
21.43
Dividend Yield
1.52%
Price Target
C$119.67

Toromont Industries MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.4% Upside
C$119.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.42mentions of Toromont Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$1.23 M Sold 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.

1.62 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 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. 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.

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TIH Stock News Headlines

TIH:CA Toromont Industries Ltd.
Toromont Industries Ltd - Stock Dividends TIH
3 Beginner Stocks to Kickstart Portfolio Growth
Toromont Industries Ltd. – Normal Course Issuer Bid
See More Headlines
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TIH Company Calendar

Last Earnings
7/25/2017
Ex-Dividend for 10/4 Dividend
9/07/2022
Dividend Payable
10/04/2022
Today
12/07/2022
Ex-Dividend for 1/5 Dividend
12/07/2022
Dividend Payable
1/05/2023
Next Earnings (Estimated)
2/08/2023

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
6,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$119.67
High Stock Price Forecast
C$130.00
Low Stock Price Forecast
C$109.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.04 billion
Cash Flow
C$9.49 per share
Book Value
C$26.81 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.48 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Scott J. Medhurst (Age 60)
    CEO, Pres & Director
    Comp: $2.21M
  • 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. 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 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TIH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TIH, but not buy additional shares or sell existing shares.
View TIH analyst ratings
or view top-rated stocks.

What is Toromont Industries' stock price forecast for 2023?

6 Wall Street research analysts have issued 1-year target prices for Toromont Industries' shares. Their TIH share price forecasts range from C$109.00 to C$130.00. On average, they anticipate the company's stock price to reach C$119.67 in the next twelve months. This suggests a possible upside of 16.9% 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 2022?

Toromont Industries' stock was trading at C$114.36 at the start of the year. Since then, TIH shares have decreased by 10.5% and is now trading at C$102.34.
View the best growth stocks for 2022 here
.

When is Toromont Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our TIH earnings forecast
.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.04. The firm had revenue of $530.93 million for the quarter, compared to the consensus estimate of $550.60 million.

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

Toromont Industries announced a quarterly dividend on Wednesday, December 7th. Shareholders of record on Thursday, January 5th will be given a dividend of 0.004 per share on Thursday, January 5th. This represents a $0.02 annualized dividend and a yield of 0.02%. The ex-dividend date is Wednesday, December 7th.
Read our dividend analysis for TIH
.

Is Toromont Industries a good dividend stock?

Toromont Industries (TSE:TIH) pays an annual dividend of C$1.52 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 31.60%. 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$102.34.

How much money does Toromont Industries make?

Toromont Industries (TSE:TIH) has a market capitalization of C$8.42 billion and generates C$4.04 billion in revenue each year.

How many employees does Toromont Industries have?

The company employs 6,400 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 12/7/2022 by MarketBeat.com Staff