Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $136.8901, but opened at $153.35. Toromont Industries shares last traded at $153.35, with a volume of 131 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Monday, May 4th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
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Toromont Industries Price Performance
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. Toromont Industries had a return on equity of 16.00% and a net margin of 9.25%.The business had revenue of $797.03 million during the quarter, compared to analysts’ expectations of $1.04 billion.
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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