Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – What’s Next?

Posted by George Bondi on Aug 3rd, 2026

Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $151.73, but opened at $136.8901. Toromont Industries shares last traded at $136.8901, with a volume of 213 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research report on Thursday. TD Securities restated a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on Toromont Industries

Toromont Industries Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The stock has a market cap of $11.16 billion and a price-to-earnings ratio of 62.51. The stock’s 50-day simple moving average is $160.74 and its two-hundred day simple moving average is $150.65.

Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.24. Toromont Industries had a net margin of 9.25% and a return on equity of 16.00%. The business had revenue of $797.03 million for the quarter, compared to the consensus estimate of $1.04 billion.

Toromont Industries Company Profile

(Get Free Report)

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.