Toromont Industries (TSE:TIH) Price Target Raised to C$260.00

Posted by Brian Himes on Aug 2nd, 2026

Toromont Industries (TSE:TIH – Free Report) had its target price increased by Canaccord Genuity Group from C$240.00 to C$260.00 in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also commented on TIH. National Bank Financial upped their price objective on Toromont Industries from C$259.00 to C$261.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank lifted their target price on Toromont Industries from C$229.00 to C$238.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. BMO Capital Markets boosted their price target on Toromont Industries from C$247.00 to C$248.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada upped their price target on Toromont Industries from C$256.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce raised their price objective on Toromont Industries from C$240.00 to C$242.00 in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$246.89.

Read Our Latest Stock Report on TIH

Toromont Industries Trading Down 2.4%

TIH opened at C$210.87 on Thursday. The business has a 50 day simple moving average of C$224.22 and a two-hundred day simple moving average of C$208.19. The firm has a market capitalization of C$17.20 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 3.72 and a beta of 0.98. The company has a debt-to-equity ratio of 24.76, a current ratio of 2.73 and a quick ratio of 1.38. Toromont Industries has a one year low of C$137.41 and a one year high of C$243.50.

Toromont Industries (TSE:TIH – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported C$2.20 EPS for the quarter. Toromont Industries had a return on equity of 15.53% and a net margin of 9.26%.The business had revenue of C$1.60 billion for the quarter. Analysts predict that Toromont Industries will post 6.5892495 EPS for the current year.

Toromont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, July 2nd were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.24 dividend on an annualized basis and a yield of 1.1%. Toromont Industries’s dividend payout ratio is presently 34.39%.

Trending Headlines about Toromont Industries

Here are the key news stories impacting Toromont Industries this week:

Positive Sentiment: Scotiabank upgraded Toromont from “hold” to “outperform” and raised its price target to C$239 from C$238, indicating roughly 13% potential upside. Zacks.com
Positive Sentiment: Raymond James raised its target to C$250 from C$235 and maintained an “outperform” rating, implying approximately 16% upside. Ticker Report
Positive Sentiment: National Bank Financial increased its target to C$261 from C$259 and reiterated “outperform,” representing about 21% potential upside. BayStreet.CA analyst ratings
Positive Sentiment: RBC lifted its target to C$265 from C$256 and maintained “outperform,” the highest target among the cited analysts and roughly 23% above the referenced share price. BayStreet.CA analyst ratings
Positive Sentiment: Canaccord Genuity raised its target to C$260 from C$240 and upgraded or reaffirmed the stock at “buy,” implying approximately 20% upside. BayStreet.CA analyst ratings
Positive Sentiment: CIBC and BMO also raised their targets, to C$242 and C$248, respectively, reinforcing a generally constructive analyst view. BayStreet.CA analyst ratings

About Toromont Industries

(Get Free Report)

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.