Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $144.70, but opened at $137.00. Toromont Industries shares last traded at $137.00, with a volume of 175 shares changing hands.
Analysts Set New Price Targets
Several research firms recently commented on TMTNF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Toromont Industries
Toromont Industries Stock Performance
The company has a 50-day simple moving average of $150.43 and a two-hundred day simple moving average of $150.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73. The firm has a market capitalization of $11.18 billion and a P/E ratio of 41.77.
About Toromont Industries
Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.
The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.
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