Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $169.25, but opened at $161.41. Toromont Industries shares last traded at $161.41, with a volume of 130 shares traded.
Analyst Upgrades and Downgrades
TMTNF has been the subject of several recent research reports. TD Securities restated a “buy” rating on shares of Toromont Industries in a report on Monday, May 4th. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on TMTNF
Toromont Industries Trading Down 4.6%
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.The company had revenue of $895.28 million for the quarter, compared to the consensus estimate of $842.94 million.
Toromont Industries Company Profile
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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