Toromont Industries Ltd. (TSE:TIH) Stock Has Consensus Price Target of C$247.20

Posted by Brian Himes on Oct 18th, 2026

Toromont Industries Ltd. (TSE:TIH – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$247.20.

A number of research firms have commented on TIH. BMO Capital Markets raised their price target on Toromont Industries from C$247.00 to C$248.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. National Bank Financial boosted their price objective on Toromont Industries from C$259.00 to C$261.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Stifel Nicolaus set a C$250.00 price objective on Toromont Industries and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Canadian Imperial Bank of Commerce upped their price objective on Toromont Industries from C$240.00 to C$242.00 in a research note on Thursday, July 30th. Finally, Scotiabank upgraded Toromont Industries from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$238.00 to C$239.00 in a research report on Thursday, July 30th.

Read Our Latest Report on Toromont Industries

Toromont Industries Stock Performance

Shares of TSE TIH opened at C$210.16 on Tuesday. The stock has a market cap of C$17.14 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.83. Toromont Industries has a 1 year low of C$153.50 and a 1 year high of C$243.50. The firm has a fifty day moving average price of C$211.64 and a 200-day moving average price of C$216.14. The company has a debt-to-equity ratio of 24.76, a current ratio of 2.73 and a quick ratio of 1.38.

Toromont Industries (TSE:TIH – Get Free Report) last released 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 net margin of 9.26% and a return on equity of 15.53%. Equities analysts anticipate that Toromont Industries will post 6.59 earnings per share for the current fiscal year.

Toromont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.1%. Toromont Industries’s payout ratio is currently 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.