Toromont Industries (TSE:TIH) Upgraded by Raymond James Financial to “Outperform” Rating

Posted by on Jun 18th, 2026

Toromont Industries (TSE:TIH – Get Free Report) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$235.00 price objective on the stock, up from their prior price objective of C$190.00. Raymond James Financial’s target price indicates a potential downside of 2.88% from the company’s previous close.

TIH has been the topic of several other research reports. Scotiabank boosted their price objective on shares of Toromont Industries from C$181.00 to C$208.00 in a report on Wednesday, February 18th. Canaccord Genuity Group raised Toromont Industries from a “hold” rating to a “buy” rating and upped their price target for the company from C$200.00 to C$235.00 in a report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on Toromont Industries from C$234.00 to C$256.00 and gave the company an “outperform” rating in a research report on Thursday. National Bank Financial lifted their price target on shares of Toromont Industries from C$214.00 to C$216.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Scotia raised their price objective on shares of Toromont Industries from C$208.00 to C$229.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$223.89.

Check Out Our Latest Stock Report on Toromont Industries

Toromont Industries Stock Up 17.6%

Shares of TIH traded up C$36.27 during mid-day trading on Thursday, hitting C$241.98. 394,119 shares of the company’s stock were exchanged, compared to its average volume of 254,368. The company has a quick ratio of 1.38, a current ratio of 3.17 and a debt-to-equity ratio of 25.19. The stock has a market cap of C$19.73 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 3.72 and a beta of 0.98. The firm has a fifty day moving average of C$215.84 and a two-hundred day moving average of C$194.57. Toromont Industries has a twelve month low of C$117.38 and a twelve month high of C$243.50.

Toromont Industries (TSE:TIH – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported C$1.13 EPS for the quarter. The company had revenue of C$1.23 billion for the quarter. Toromont Industries had a return on equity of 16.06% and a net margin of 9.64%. On average, sell-side analysts forecast that Toromont Industries will post 6.5892495 earnings per share for the current year.

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.

Read More

Analyst Recommendations for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.