Toromont Industries (TSE:TIH) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Posted by Geri Gentry on Aug 12th, 2026

Toromont Industries Ltd. (TSE:TIH – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$210.37 and traded as high as C$220.53. Toromont Industries shares last traded at C$219.75, with a volume of 154,269 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TIH shares. Scotiabank upgraded Toromont Industries from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$238.00 to C$239.00 in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Toromont Industries from C$256.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Scotia increased their price target on Toromont Industries from C$208.00 to C$229.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Canaccord Genuity Group raised their price target on Toromont Industries from C$240.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets lifted their price objective on shares of Toromont Industries from C$247.00 to C$248.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$246.89.

Get Our Latest Analysis on Toromont Industries

Toromont Industries Stock Performance

The stock has a market capitalization of C$17.84 billion, a P/E ratio of 34.84, a PEG ratio of 3.72 and a beta of 0.97. The company’s fifty day simple moving average is C$223.57 and its two-hundred day simple moving average is C$210.65. The company has a debt-to-equity ratio of 24.76, a quick ratio of 1.38 and a current ratio of 2.73.

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

Toromont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 5th. This represents a $2.24 annualized dividend and a yield of 1.0%. Toromont Industries’s dividend payout ratio (DPR) is presently 34.39%.

Toromont Industries Company Profile

(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.